Having access to malls,restaurants,theaters and local markets 24x7 is a great idea , especially for people who get free time only during the night .This demand may soon be fulfilled as government is considering to make this dream a reality .In the current scenario these places get closed by 10-11pm . Often people complain about the rush they face during the working hours especially during offer times . Beside this the malls will also get a fair chance for competition like that of the e-commerce sites .Since e-commerce has the luxury of operating all the time, the same will be available for malls as well.Seeing the current growth of India , it is sure that the standards of living of people is certainly going to increase and there is no doubt that this act of government will turn out to be fruitful.
Let us provide you with some stats :-
- India’s retail industry is growing at 15 percent and it's one of the fastest growing in the world.
- Estimates say that it is expected to touch $1 trillion by 2020 current is $600 billion which is more than 60% growth an awesome figure.
- The share of market of bricks and mortar stores (mall) will get more than double within a span of 5 years from 8% to 20%
Let us know if you have certain recommendations and suggestions! !
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