{"id":2707,"date":"2013-07-05T17:35:19","date_gmt":"2013-07-05T12:05:19","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=2707"},"modified":"2013-07-05T17:35:19","modified_gmt":"2013-07-05T12:05:19","slug":"franchise-market-is-sloping-up-as-report-says","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/franchise-market-is-sloping-up-as-report-says\/","title":{"rendered":"Franchise Market is sloping up, as report says"},"content":{"rendered":"<p><a href=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/07\/growth.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-2708\" title=\"growth\" src=\"https:\/\/www.franchisezing.com\/franchise\/wp-content\/uploads\/2013\/07\/growth.jpg\" alt=\"\" width=\"300\" height=\"300\" \/><\/a>Franchise market in India is suggested to slope upwards in fourfold by next five years, contributing as much as 4% to the Gross Domestic Product in 2017, as per the observations done by KPMG private limited.<\/p>\n<p>The industry was worth $13.4 billion in 2012, contributing 1.4% of GDP, the report said. That compares with almost 10-25% of GDP in most OECD (Organization for Economic Co-operation and Development) countries.<\/p>\n<p>The industry is projected to provide almost 11 million employment opportunities by 2017.<\/p>\n<p>Major sectors that are pumping out major business opportunities are retail, food &amp; beverages, health and wellness, consumer services and education.<\/p>\n<p>While the organized retail segment in India is estimated to be worth $24 billion, only 2.5% of total retail sales are driven through franchise formats compared with nearly 50% in the US, indicating significant potential, the KPMG report said.<\/p>\n<p>There are presently more than 3,000 brands in India that have adopted the franchise model.\u00a0Bata,\u00a0NIIT, Apollo Hospitals, and\u00a0Titan\u00a0watches were among the first Indian franchisers.<\/p>\n<p>Several leading global companies already have an established presence in India.<\/p>\n<p>Recent FDI reforms in single- and multi-brand retail are expected to support this growth, although recent clarifications allowing foreign retailers to only open company-operated outlets could pose a hindrance.<\/p>\n<p>&nbsp; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Franchise market in India is suggested to slope upwards in fourfold by next five years, contributing as much as 4% to the Gross Domestic Product in 2017, as per the&nbsp;[ &hellip; ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,787],"tags":[],"class_list":["post-2707","post","type-post","status-publish","format-standard","hentry","category-franchise-news","category-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=2707"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/2707\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=2707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=2707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=2707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}