How To Take The Retail Business Franchise In India With Best Franchise Consultant In Mumbai

India, which has a developing working class of more than one billion people, is currently situated as a major force in the global economy and prolific ground for investment in retail and business development. There are a lot of opportunities in Retail Franchise in India. The Retail sector contributes nearly 10 % to the GDP of India and around 8 % of the employment.
Among the emerging and developed nations, India's net retail sales are quite significant. India's retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts. While the overall retail market is expected to grow at 12 percent per annum, modern trade would expand twice as fast at 20 percent per annum and traditional trade at 10 percent.

Some key trends in India
The main key factors of organized retail in India are
• Increase in per capita income which in turn increases the household consumption
• Demographical changes and improvements in the standard of living Change in patterns of consumption and availability of low-cost consumer credit

Benefits of retail franchising
• Brand Recognition
The most important reason for zeroing in on a franchising business is brand recognition and recall it enjoys with the people. Opening a franchise accompanies the selling power of a known brand. So, when the potential client sees your new franchise area, they as of now have a familiarity with the brand and products and know exactly what to expect.

• Huge market base
The demography of India is ideal for conducting business through the franchising model, particularly in the retail sector. Clubbing this with the expertise of people in the local market makes the franchise arrangement a great proposition.

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