India’s retail market, the fifth-largest retail destination globally, has been recognized as the second most attractive emerging market for investment after Vietnam, according to AT Kearney’s 2008 Global Retail Development Index (GRDI).

Retail trade contributed 8–10% to India’s GDP in 2007, rising to around 12% currently and projected to reach 22% by 2010. A McKinsey report, “The Rise of the Indian Consumer Market,” predicts that India’s consumer market will expand fourfold by 2025.

According to CB Richard Ellis, India’s retail market is currently valued at US$ 511 billion. Leading sectors driving India’s sales and profit growth in Q4 of 2008-09 include banking, capital goods, engineering, FMCG, software services, oil marketing, power, two-wheelers, and telecom.