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India: 1.6 crore small shopkeepers
Posted On: 13-08-2008 09:25:52 AM

In 2007, India had 1.6 crore shopkeepers in the country. This is 50% of all small businesses. Most of the stores are small-turnover operations, producing only modest incomes. In 2007, nearly half of all shopkeepers in the country earned less than Rs 68,750 in the full year. The largest single retailing type was India’s 88 lac grocer shops. While being the most numerous retailing type, grocer shops are among the least profitable of various retail businesses, returning an average annual income of Rs 43,750 or less to most operators.

 
 
 

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