Convenience Stores

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This site provides detailed information on convenience stores of India. The site also focuses on the current status of convenience stores operating in India.

The successful launch and operations of convenience stores in India is credited to the Indian economic reforms in July, 1991. Convenience stores in India are still at a nascent stage but are headed for stupendous growth in the near future. The central government has ultimately realized the need to open up the Indian retail sector.

The key advantages of convenience stores in India are:
  • India ranks 5th on global retail development index
  • India is the 2nd fastest growing economy of the world
  • India is poised to become the 3rd largest economy in terms of GDP in next few years
  • India ranks high among the top 10 FDI destinations of the world
  • India is the fastest growing tourist market in Asia
  • World bank states that India will become the world's 2nd largest economy after China by 2050
  • India has a stable and investor-friendly central government at the helm of affairs
  • It has introduced Value Added Tax (VAT) and tax reforms
  • It has a high degree of professionalism and corporate ethics
  • It has excellent investment opportunities in the retail sector and allied markets
  • India is to invest US$ 130 billion for the development of infrastructure by 2010
  • India will attract US$ 10 billion FDI for infrastructure development by 2008
  • It has bullish stock markets
  • Hordes of foreign investors are thronging in to invest in Indian retail markets
  • Highly educated, English speaking, young workforce
  • Vibrant and multi-cultured cities
  • Huge opportunity exists in semi-rural and rural areas
  • Till date, India is the 2nd largest employer for the huge semi-skilled Indian population
  • Offers highest shop density in the whole world - has almost 1,20,000 shops across the length and breadth of the country
  • In a nascent stage of development as an organized industry.
Types of convenience stores found in India are:
  • Specialty Stores
  • Supermarkets
  • Franchisee Outlets
  • Hypermarkets
Skeptics opine that liberalizing the Indian retail industry would jeopardize the income of small retailers. However, small-time retailers and vendors also stand to gain from the launch of convenience stores in India. Indian and international market leaders are flocking to the Indian market to cash in on the specialty stores retail boom. Some industry leaders operating in other sectors are also diversifying into the specialty stores sector.