Indian economy set to see year on year growth of over 8% by 2018, according to a new study on ASDReports

Friday 4 July 2014, Amsterdam

Report description overview:

The new report, now available on ASDReports, Food and Grocery Retailing in India – Market Summary & Forecasts provides a comprehensive overview of the Indian food and grocery retail market for companies already operating in and those wishing to enter the Indian market. You will gain an explicit understanding of changing shopping trends, government policies towards business, the influence of various economic variables on the retail industry, the competitive landscape and detail of key retailers.


The difference:

• Understand key growth categories by analyzing the market dynamics of the Indian food and grocery retailing categories, allowing you to adjust your production plan, gaining the upper hand over competitors.
• Understand which channels will be the major winners and losers over the coming years and plan accordingly, with a comprehensive coverage covering 5 product categories.
• Gain a comprehensive overview of the Indian food and grocery retail market for companies already operating in and those wishing to enter the Indian market enabling you to adjust your business offerings.

Report highlights:
In spite of some slowdown in GDP growth over the last couple of years, strong fundamentals of the economy and a population of over 1 billion, provides enormous opportunities for organized national and international players. Although India is an agricultural driven economy, growth of the services industry will continue to create a class of consumers who have higher spending levels.

The key factors responsible for the slowing down of the Indian economy are the growing current account deficit; declining investments due to infrastructure and governance issues; increasing levels of corruption which is reducing India‘s global image; a tumbling currency, and rising inflation. Despite these factors the World Bank expects India‘s economic growth will be the strongest among developing economies by 2016.

Household savings in India went up during the recession but have been falling back since then and it is estimated that by last year they were at their lowest rate for over a decade. Influencing this trend is a slower rate of growth in income levels, inflation requiring consumers to use more of their household income to buy necessities, and also consumers preferring to save physical assets (like gold and jewelry) rather than financial ones.