India's food retail revolution

Overview

India is witnessing the beginning of a food retail revolution, with new entrants piling into what remains a highly fragmented market. Cash registers ring mostly at India’s 12 million neighbourhood "mom-and-pop" stores, while the modern retail segment accounts for just 4 per cent of the estimated $300 billion retail market and the food subset less than 1 per cent. But modern retail trade is expanding rapidly and is expected to grow three- or fourfold to $22-$30 billion by...