Indian MGR Sales Set To Soar As MGR Sector Gradually Liberalises

Over the long-term horizon, India is one of the most exciting mass grocery retail (MGR) opportunities in the Asia Pacific region. Indian consumers are still largely familiarising themselves with the concept of modern retail, with modern retail accounting for only 9% of overall grocery retail sales, according to BMI estimates. Nonetheless, there are going to be tremendous opportunities for growth given the underdeveloped nature of the Indian MGR sector. Although any liberalisation move in retail foreign direct investments (FDI) is likely to be gradual in nature, the ongoing influx of FDI is inevitable, and should encourage the spread of MGR moving forward.

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