India's Shopping Mall Boom

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.

1 minute read

October 5, 2005, 12:00 PM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"...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."

Thanks to injunplanna

FULL STORY: India readies for shopping mall boom

Tuesday, October 4, 2005 in BBC World Service

Community / Economic Development Urban Development India

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