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Growing retail and wholesale trading backed by huge domestic market is the main attraction for global retail chains to set up stores in the country, industry chamber Assocham said today.
"Trading is growing and will continue to grow because our main strength is our 120 crore people. They provide a huge market," Assocham President Rajkumar Dhoot said.
The retail sector seems to be largely immune to the slowdown, unlike in the west where retailers depend so much on the high end consumer durables, he said.
"It was no surprise that there is so much pressure on the government from the global investors to open the Indian retailing