At a time when the retail industry in India has started looking up again, franchising business in the country is expected to grow by 35% in the next fiscal. In a recent report published by the Franchising World, the franchise industry in the country is growing at 35% while the retail industry in the country is growing at around 20% in terms of turnover.
Last year almost 80 new brands including Pollo-Campero, Lolita, Santa Barbara Polo and Zara entered India through the franchise model.
A recent study by PricewaterhouseCoopers and Retailers Association of India has also found that the $ 350 billion retail industry in India is growing at a rate of 15-20%. In fact conversion of footfalls into sales for Pantaloon went back to the 2007 level [around 43%] during the first half of 2009.
