In India, these global retailers exported goods worth $725 million in 2010. Modern retail constitutes 6.5 per cent of the $435-billion overall Indian retail market.
The co-founder of Snapdeal was talking a day after he signed an agreement with Tata-run Croma
Operating margins for multiplex owners, mainly in Maharashtra, would be hit once the tax benefits they currently enjoy would be taken back.
Physical format stores are here to stay.
Some analysts believe convenience stores could be challenged by digital grocery in the future.
In the decade since Biyani revolutionised retailing in India, he has attempted a number of things, eventually exiting a few of them.