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India's Shopping Mall Boom

Posted by: Abhijeet Chavan
Thanks to: injunplanna
5 October 2005 - 12:00pm

India's retail industry is undergoing a dramatic transformation as the middle class flocks to shopping malls and foreign investors are poised to move in.

"...India's middle-classes, widely travelled and with deep pockets, are flocking to malls...India's organised retail industry...is poised to grow by 97% per year in the next five years to a staggering $24bn....in two years there will be 360 malls across the country....And it has only just begun. Developers and promoters of malls believe the face of the industry is about to dramatically change."

Full Story: India readies for shopping mall boom
Source: BBC World Service, October 4, 2005
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One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.
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