Home | Business News | Browse by Publication | F | Franchising World

Franchising in India.

Article Excerpt
The Upsurge in Economy

India is a vast country with a population of more than one billion people. Following its phased opening of the many stifling government regulations starting in the early 1990s, the economy is doing extremely well with an achievement of attaining a GDP growth rate of 8 percent to 9 percent annually the last few years and a similar increase projected in the coming years.

The economy is backed by strong fundamentals, with a vibrant and well- regulated stock market with stable interest of U.S. financial institutions, excellent local financial and banking institutions and a government that is now open and willing to accepting foreign investment and other inputs. The services and manufacturing sectors with double-digit growth rates are doing exceedingly well and India's lead position in the information technology domain is well-recognized all over the world.

The Revolution in Retail

The retail scene in India is currently undergoing a "sea change" with the emergence of scores of modern retailing malls, stores and multiplexes all over the country instead of the earlier dominance of millions of morn-and-pop stores and retail is the fastest-growing sector of the Indian economy. This change is clear and visible not only in the large metropolitan cities such as Mumbai, Delhi, Chennai, Kolkatta, Bangalore and Hyderabad, but is fast invading the many tier one and tier two cities, including Chandigarh, Pune, Ahmedabad, Kanpur...