The retail sector will grow faster than the fastest growing sector in the country. But, in return, they sell at a premium. May be justifiably so.
More than a decade ago, shopping for clothes, perfumes, footwear and fashion jewellery - all under one roof - in Mumbai meant going to just one shop. Shopper's Stop in suburban Andheri.
Today, Shopper's Stop has six stores in Mumbai. Add to that an equally large number of competing stores like Pantaloon, Lifestyle and Westside.
Fast forward to 2010. There will be 600-odd malls across the country, constituting nearly 10 per cent of total retail sales. That is great news not just for shoppers but also for investors in stocks.
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