Mumbai, Sep 12: The penetration of the domestic organised retail sector will increase from the current 6.5 percent to nine by 2015, if the proposed move to allow foreign direct investment (FDI) in retail sector is implemented quickly, according to leading rating agency Crisil.
The organised retail market is expected to be Rs 3.5 lakh crore from the present Rs 1.4 lakh crore, the agency said in a report.
The domestic retail market currently is estimated to be Rs 21.6 lakh crore and by 2015 it is likely to touch Rs 37 lakh crore, Crisil added.
From: http://ping.fm/KGrof
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