New Delhi, March 13(ANI): Organized multi-brand retail is knocking on Indian doors through Foreign Direct Investment or through indigenous set-ups. Driven by a swelling middle class and growing incomes, the value of the retail sector is expected to surge to $1.3 trillion by 2020. The Indian retail industry is divided into two sectors- organized and unorganized. Sales through the unorganized retail sector are predominant in India with the organized retail sector being a lot smaller. These have great neighborhood locations and unbeatable access. With ever increasing traffic congestion, this is a huge customer benefit. Kirana shops, as they are commonly called in India, vary in size- most of them smaller than 400 square feet. Some are walk-in stores but many owners operate out of residential garages or run hole-in-the-wall operations where they sell their goods over the counter.
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