Rebirth of retail malls in India

The Indian retail sector has metamorphosed significantly over the last few decades. Rapid urbanization and digitization, rising disposable incomes and lifestyle changes of particularly the middle-class has led to a major revolution in the retail sector, projected to grow from US $672 billion in 2017 to US $1.3 trillion in 2020. Evolving rapidly from usual ‘kirana shops’ to large multi-format stores offering global experience to the e-commerce model that is highly technology-driven, the Indian retail sector has evolved…

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