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Join us for the India, China & America (ICA) Institute’s Global Virtual Seminar Series Tu, June 10 at 11am EDT.
In 2007, the Chinese and Indian retail markets together were worth about $1 trillion. By 2012, that figure will jump to $1.7 trillion as increased prosperity delivers greater spending power, creating hundreds of millions of new consumers in the process.
But the two big Asian markets are at different stages of development. "Modern" or "organized" retail has 20% of the total retail spent in China, while in India, the figure is just 4%. The comparable figure for the United States is 85%.
The world’s two biggest international retailers, Wal-Mart and Carrefour, have been operating in China for years, but are yet to gain much traction in India. Both retailers plan to have Indian wholesale operations by 2008-09.
India’s modern retail sector is growing much faster than traditional retail. But because it is starting from such a small base, it will not match the size of traditional retail for perhaps 20 years.
Even so, the Indian opportunity is luring many new entrants. They include such big Indian names as Reliance, Bharti and Birla, who are gearing up for battle against incumbents in India’s store wars.
Like their counterparts in China, Indian retailers face big challenges. There is a global war for talent, a desperate need for efficient supply chains, and both China and India must deal with the political sensitivities of vast rural hinterlands.
Business journalist Geoff Hiscock, author of "India’s Global Wealth Club" (2007) and a forthcoming book on the Indian retail scene, will present this webinar exploring this retail revolution.
This Webinar is brought to you by the India, China & America Institute, a non-profit research institute working to foster research and dissemination of knowledge on the rise of China and India and their impact on global markets, global resources and geopolitics of the world.
The only cost may be your long distance charge to dial in.
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System Requirements
PC-based attendees
Required: Windows® 2000, XP Home, XP Pro, 2003 Server, Vista
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