Time catches up with bazaars
Time catches up with bazaars
Updated on Tuesday, November 29, 2011, 11:36

Despite a rapidly modernising USD 1.6 trillion economy, supermarkets account for just over 2 percent of India`s retail sector. Airports may be spanking new and 3G telephony common, but India`s shops rank along with its pot-holed roads as largely unmoved by two decades of economic boom.

While Indian supermarkets have been here for years, their impact has been small and they have been hamstrung by funding problems and poor infrastructure. Enter the likes of Wal-Mart Stores Inc, Carrefour SA and Tesco Plc, which Mckinsey estimates could claim a 25 percent market share in urban areas.

What will be the scenario of the Indian supermarket following the new FDI policy? Share your views here.

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