In 2008, the rural areas grew at a robust rate of 25 per cent as compared to 10 per cent growth in urban retail market According to a McKinsey, rural India, would become bigger than the total consumer market in countries such as South Korea or Canada in another twenty years.
WASHINGTON/NEW YORK (Reuters) – The head of Wal-Mart Stores Inc (WMT.N), the world’s biggest retailer, said on Wednesday there remained a “lot of stress” in the economy and he did not anticipate a quick end to the recession. “There’s still a lot of stress,” Wal-Mart CEO Mike Duke said on a taped interview on NBC’s […] ↓ Read the rest of this entry…
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