India Trends 2008: Retail

Retail is India's sunrise industry and Kishore Biyani while writing for Mint gives us an interesting insight into Retail trends to watch out for in 2008 he predicts and sometimes even tells us his plans the key trends are

• Financial products like life and general insurance products will be sold via retail.
• Luxury Retail will see significant growth.
• Large wholesale formats like office stationary will make its debut.
• There will be more malls targeting specific consumer segments.
• Business to Business format will also gain momentum with large wholesale retail formats being launched to cater to small and medium business houses

Overall its going to be an exciting year but the most important aspect which he says is the advent of supply in terms of malls which are going to come up in large numbers will determine answers to questions on whether the Indian consumer market can sustain such a large growth in modern retail, whether more and more people will join the consuming class, and what the real market size is in small cities will become clearer (read complete article at mint)