According to PricewaterhouseCoopers International Limited (PwC), the Indian retail sector is one of the fastest-growing in the world and has the potential to attain a Compounded Annual Growth Rate (CAGR) of 10 per cent over 2012-2020, growing from US $ 500 million to US $ 1 trillion. Growth in organized retail will create more jobs for people with lower skill levels, as per the report. At present, the retail sector in India employs up to 40 million people, and if the sector is strengthened, it could produce 10 million additional jobs in the next ten years. Additionally, new technologies such as virtual walls and virtual mirrors will help improve the retail customer experience, thereby encouraging greater consumption.
