Trends and Markets: India: the retail boom spin-offs
India is positioned as the leading destination for retail investment. This followed saturation in Western retail markets and big Western retailers like Wal-mart and Tesco are entering the Indian market. The USD 412 billion investment which is projected to flow into the Indian retail sector by 2011 is predicted to generate an additional 8 million jobs. It should benefit many allied sectors, from logistics to commercial refrigeration. Carrier Air-conditioning and Refrigeration Ltd expects the commercial air-conditioning sector to grow at a higher rate than the residential sector. The total sales of Carrier India in this sector are expected to increase by more than 40% in 2006 compared with 2005.