Indian franchise market growing
According to official statistics, the Indian franchise economy has enjoyed annual growth of between 30 and 35 percent over the last five years. The annual turnover of the franchise branch has also increased to 3.3 billion US dollars. Experts are expecting this growth to continue.
The statistics show that the fastest-growing franchise systems are those active within telecommunications, retail, food and education. The branch as a whole has been developing in the country since the early 90s especially when many large international franchise companies launched their concepts on the market. Nowadays, though, there are also many Indian franchise systems active within the branch.