E-tail spending to grow 10 times with 64 percent annual rise

In its first report on India’s retail sectors, ‘Think India Think Retail’, Knight Frank and the Retailers Association of India estimate that retail spending across the top seven cities would more than double in the next five years. And it would be driven by e-commerce with e-tail spending touching Rs 839 billion by 2019. The report was prepared after mapping India’s modern retail market across top seven metros. It points reveals apparel occupies 22 percent share in modern retail, where NCR contributes 27 percent followed by Bangalore.