The Centre for Asia-Pacific Aviation (CAPA) estimates that the duty-free spend at Indian airports will reach $1.6 billion by 2021 - an eight-fold increase, spread across a decade.
The digitally empowered consumers expect to be served at any time and place of their choice. Closing in on to their consumers is Mahindra Comviva's Zerch, a mobile-based hyper-local deals delivery platform connecting merchants and consumers.
Since the end of 2011, funding in retail was taken backseat but the change is evident in the current scenario when we see e-Commerce giant Flipkart receiving funding or leading hamburger chain Burger King making debut partnering with investment firm Evers