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The Indian retail industry is inarguably one of the fastest growing in the world, indicating it could grow to $1,200 billion by 2021. Recent studies suggest that the country is one of the most preferred retail destinations in the world, and it is believed that the sector is experiencing exponential growth, with retail development taking place not just in the metros but also in smaller cities. It can be attributed to robust economic growth, changing demography, rising disposable incomes, rapid urbanisation, changing consumer preferences and other factors.

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