EMBRACING THE RETAIL REVOLUTION
The Franchising World|July 2023
UNLEASHING THE POTENTIAL OF INDIA’S GROWING MARKET TRENDS
GYAN PRAKASH SRIVASTAVA
EMBRACING THE RETAIL REVOLUTION

The future of retail in India is likely to be more franchise-driven, as this model offers a number of advantages for both franchisors and franchisees. Let’s read on to know more about the factors driving the growth of the franchising model in India.

The retail sector in India is experiencing a transformative journey driven by urbanization, localization, convenience, and digitization. With the rise of the millennial generation and their changing preferences, the retail industry has adapted to meet their demands, leading to remarkable growth. This transition from traditional to millennial-driven methods has contributed to a compound annual growth rate (CAGR) of approximately 10% in the Indian retail industry over the past three years.

Here are some interesting details about the retail growth in India in the last 3 years, post-COVID:

The retail industry in India has been growing at a compound annual growth rate (CAGR) of 10-12% in the last 3 years.

The post-COVID retail market in India is expected to grow at a CAGR of 12-15% in the next 5 years.

The franchisee model is becoming a more popular retail model in India, and it is expected to continue to drive growth in the coming years.

The COVID-19 pandemic had a severe impact on the retail industry, but it is now recovering rapidly. The future of retail in India is likely to be more franchise-driven, as this model offers a number of advantages for both franchisors and franchisees.

Some of the factors driving the growth of the franchise model in India include:

Esta historia es de la edición July 2023 de The Franchising World.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición July 2023 de The Franchising World.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE FRANCHISING WORLDVer todo
HOW DAVID BEATS OUT GOLIATH
The Franchising World

HOW DAVID BEATS OUT GOLIATH

Can mom-and-pop shops truly compete against big-box behemoths and e-commerce giants? Yes, experts say-but they have to think and act truly local.

time-read
2 minutos  |
May 2024
A YUMMY BOX OF BIZ OPPORTUNITIES
The Franchising World

A YUMMY BOX OF BIZ OPPORTUNITIES

Noodle Box was born 28 years ago after two young Aussies discovered a cultural melting-pot of flavours in the hawker food markets of SouthEast Asia. It opened its first restaurant in Melbourne. Read how the brand has grown from strength to strength since then as Sean O'Connor, Network Development Manager, gives a sneak peak inside 'Noodle Box' to Parina Sood.

time-read
2 minutos  |
May 2024
GAME, SET, WIN: WELCOME TO THE BUSINESS OF PICKLEBALL
The Franchising World

GAME, SET, WIN: WELCOME TO THE BUSINESS OF PICKLEBALL

The interesting new sport of Pickleball is gaining popularity in the country. Here's your chance to know how can you win big by associating with the biggest brand in the business, Pickleball Kingdom, as Ace Rodrigues, Founder & CEO, Pickleball Kingdom gets into a candid chat with Parina Sood.

time-read
2 minutos  |
May 2024
HI-TECH APPROACH TO ETHNIC WEAR BIZ
The Franchising World

HI-TECH APPROACH TO ETHNIC WEAR BIZ

Abhishek Agarwal, a Lucknow-based businessman in the garment industry had been looking to establish a strong foothold in the wedding apparel market. His search finally ended when he signed the dotted line with Manyavar & Mohey. Read on to know why he zeroed down on this particular brand and how has his journey been so far as a multi-unit franchisee, as he gets into a candid chat with Parina Sood.

time-read
1 min  |
May 2024
How CSR can elevate Restaurant Industry further Impacting the society
The Franchising World

How CSR can elevate Restaurant Industry further Impacting the society

The food and beverage (F&B) industry is among the world's fastest-expanding service sectors, boasting an impressive annual growth rate of 7.2 percent. The food service market in India was estimated to be about 70 billion US dollars in 2023. It is estimated to increase to 125 billion U.S dollars in 2029 as reported by Statista. With the aim of maximizing profits, restaurants and F&B brands worldwide are continually striving for financial success. Beyond the pursuit of profitability, these businesses bear a significant responsibility towards societal well-being, known as Corporate Social Responsibility (CSR). CSR emphasizes the importance of businesses contributing to societal benefit through responsible practices and initiatives.

time-read
3 minutos  |
May 2024
RISING WOMEN POWER IN BOOMING PRE-SCHOOL INDUSTRY
The Franchising World

RISING WOMEN POWER IN BOOMING PRE-SCHOOL INDUSTRY

The hand that rocks the cradle, rules the world! Nonetheless a world that itself is expanding rapidly. Welcome to the flourishing pre-school industry in India and the rising stake of women in its expanding universe.

time-read
4 minutos  |
May 2024
FRONTRUNNERS IN FRANCHISING
The Franchising World

FRONTRUNNERS IN FRANCHISING

Entering its 25th edition, the prestigious Top 100 franchise list celebrates the most outstanding opportunities in India's franchising landscape. Distinguished by its comprehensive methodology, Franchise 100 stands as the nation's sole franchise listing that assesses businesses across diverse dimensions. These top brands are classified into four categories: Established, Emerging, Debutant, and International.

time-read
5 minutos  |
May 2024
LIGHTHOUSE LEARNING PLANS AMBITIOUS EXPANSION, MAKING IT TO 3200 IN NEXT THREE YEARS
The Franchising World

LIGHTHOUSE LEARNING PLANS AMBITIOUS EXPANSION, MAKING IT TO 3200 IN NEXT THREE YEARS

Lighthouse Learning Pvt Ltd, formerly EuroKids International Ltd, demonstrates resilience and growth, expanding its network of pre-schools and K-12 schools. In FY2023, it added 450 franchise preschools, bringing the total count to approximately 1,600 Eurokids franchisees and 35 Kangaroo Kids franchisees pan India. Prajodh Rajan, Co-founder & Group CEO, Lighthouse Learning Pvt Ltd discusses the brand's strategies and expansion plans with Beny Sachdeva

time-read
2 minutos  |
May 2024
BABYSTEPS TO SUCCESS
The Franchising World

BABYSTEPS TO SUCCESS

Minimee extends beyond being a mere retailer to becoming an omnichannel brand, engaging customers across various touchpoints. Aiming to expand their presence nationwide, catering not only to new and expectant mothers but also to children up to 10 years old. The brand further plans to diversify into soft play, stationary, and educational ventures, adapting to evolving business dynamics. In a candid conversation Pratima, Founder, Minimee talks about brand's USP & expansion plans.

time-read
2 minutos  |
May 2024
$401 million investment surge in the hospitality sector during FY23 : JLL
The Franchising World

$401 million investment surge in the hospitality sector during FY23 : JLL

There is an increasing interest in hotel development activity in Tier-2 cities, with 54% of the total signings taking place in these locations.

time-read
2 minutos  |
May 2024