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India's retail sector is expected to grow to about US$ 900 billion by 2014.
The Indian retail industry has experienced high growth over the last decade with a noticeable shift towards organised retailing formats.
The industry is moving towards a modern concept of retailing. India's retail market is expected to grow at 7% over the next 10 years, reaching a size of US$ 850 billion by 2020.
Traditional retail is expected to grow at 5% and reach a size of US$ 650 billion (about 76%), while organised retail is expected to grow at 25% and reach a size of US$ 200 billion by 2020.
India remains a high potential market with accelerated retail growth of 15-20% expected over the next five years.
The foreign direct investment (FDI) inflows in single-brand retail trading during April 2000 to March 2012 stood at US$ 44.45 million.
The Indian retail sector accounts for 22% of the country's gross domestic product (GDP) and contributes to 8% of the total employment. India continues to be among the most attractive investment propositions for global retailers.