globe retail outlook data

 

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India

Retailer demand remained steady across various markets in recent years with prominent global players e expanding their presence across the country's leading cities. Despite the lack of clarity concerning norms impacting Foreign Direct Investment (FDI) in the retail sector, retailers from the hypermarket segment continue to remain optimistic of the retail market in India. For instance, Tesco announced plans to open eight multi-brand stores in the country over the next couple of years; while German retailer Metro also declared that it was seeking to set up 50 stores across the country by 2020.

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New Arrivals

The government has recently liberalized the visa regime and cleared two initiatives - visa on arrival and electronic travel authorization (ETA) for all countries barring eight "prior reference'' countries including Pakistan, Iran, Sri Lanka and China. The new government has also displayed increased focus on Safe and Honourable Tourism, with all states showing resolve to ensure greater safety of tourists, specially women tourists.

Currency

Indian Rupee (INR)
EUR €0.01
USD $0.02
GBP £0.01

Language

Hindi/English
Hello: Namaste/Hello
Thank you: Thank you

International Dialing Code

+91

Time Zone

GMT +5.3

Cost of a Pair of Jeans

2,500.00 INR

Cost of a Cup of Coffee

80.00 INR

Cities in India

Contact Us

Vivek Kaul
19th Floor, DLF Square Building Jacaranda Marg, DLF City
Phase II, Gurgaon 122 002, India
91 124 4659700 | vivek.kaul@cbre.co.in