The domestic food retail market is expected to witness a phenomenal growth and set to cross Rs 61 lakh crore by 2020 from the present Rs 25 lakh crore.

Indian retail food market has the potential to not only double but triple in the next 4-5 years, helped by the government’s initiative to bring in systemic change, despite resistance, Minister for Statistics and Programme Implementation (Independent Charge) V K Singh said here. At the India Food Forum 2016, Singh said, “Next 4-5 years are going to see a phenomenal growth that will make a difference to the economic health of the country. India will be a growth story of the world five years from now as the risks for the investors will be lesser than the gains.”

http://economictimes.indiatimes.com/industry/services/retail/domestic-food-retail-market-set-to-cross-rs-61-lakh-crore-by-2020/articleshow/50655816.cms

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