You know that Mumbai is the main commercial city for Indian economy. Mumbai has perhaps the most vibrant port in India. Kolkata is another big city with a huge population and it has a port too. We do not hear so much about the capital city Delhi. However, Delhi is the capital city and the decision makers live here. In fact, Delhi has the most number of wealthy families in India and that is why, it is becoming an attractive destination for retail industry.
Economic Times wrote:
With the Indian retail industry poised to become a $637 billion sector by 2015, the capital city is emerging as the largest consumer market in the country consisting of a booming middle class.
Delhi has the highest concentration of households with an annual income of $110,000 and per capita income more than double the national average.
You have to also remember that since Delhi is the capital city, many foreigners live here. The foreigners have a lot of money and they also can become good customers for retail shops. So, we can expect to see a huge growth in the retail industry in Delhi in the coming years.
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