In urban India, modern retail is likely to grow from the current 9.6 per cent of total retail to 26 per cent in the next five years.
Within retail spending, 20 distinct categories account for 80 per cent of discretionary spending. These are: Household help, eating out, telecom services, gifts, cinema, cable, DVDs, travel for leisure, grooming and personal care, and so on.
Discretionary expenditure is expected to grow to 32 per cent in 2013.
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