I'm pleased to table before you the Annual Report for financial year ended 2018-19.DMart continues to grow its presence and has seen satisfactory performance acrossfinancial and operational metrics.
During the financial year India continued to perform well with a 6.8% growth rate(Source: National Statistical Office). Two levers largely drive India's growth robust government expenditure and rising domestic consumption levels. The government isstrongly focusing on infrastructure development and much-needed structural reforms thateliminate bottlenecks and spurs investment. The latter however is led by an aspirationalincreasingly affluent middle-class enabled by rising disposable incomes. Large-scaletechnology adoption urbanisation and a shift to branded products have changed the face ofIndia's retail.
As an emerging national retail chain we at DMart are guided by India's consumptionstory.
Our unwavering focus to delight and surprise our customers has paid off over the yearsand we are continuing to build on the customer trust we have earned. We carry forward ourEveryday Low Cost Everyday Low Price' model to attract more customers to the worldof DMart. We continue to open new stores using our cluster-based expansionfimodel.
Our employees are central to our operations. Every day they work hard with the endobjective of delivering good quality products at a great value for every customer. Theyenable DMart to be the customer-centric organisation that we position ourselves as.
As a growing organisation we are also mindful of the impact we have on the environmentand society. We are actively pursuing green building certifications and reduced energyconsumption to contain our impact on the environment. Meanwhile our targeted interventionin the education space has shown measurable impact in nurturing the citizens of tomorrow.
We will continue on our journey to be more accessible and affordable for our customersby expanding our reach and improving our processes constantly.
We strongly value and thank all our vendors and partners for their continued commitmentand support. We will always act as a responsible citizen accountable to the society andthe environment. Through all this we will continue to deliver superior shareholder valueasfiwell.
Let me end my note by thanking all the Board Members the Senior Management Team andour beloved employees who have strived hard to make DMart what it is today. Going forwardI solicit your continued cooperation.