Market Report, "BMI India Retail Report Q1 2014", Published
India's retail sector is forecast to grow strongly over the next few years, with an emerging middle class and an expanding 21+ years age group resulting in a strong rise in household spending across all retail subsectors. We are particularly positive about the future growth prospects for personal, insurance & other spending; however, we expect food & drink expenditure to remain the highest throughout our forecast period, with spending on transport and housing also high.
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