India is rising. A average individual have more purchasing power now. This leads India as a global leader among all the evolving country. India has become the first choice for franchising.
A study shows that India is the second fastest evolving economy in the world with a growth of 75 percent in consumer spending.
Foreign companies consider India as the best market in the world. India is a culturally developed country and it offers a very favorable franchising environment.
The Indian franchise industry is currently at $24 billion (estimated). It is expected that the number will be $35 billion by 2020. Franchising has a bright future in India
Presently there are more than 3,000 franchise brands in India and around 1,000 global brands every year are contemplating entry plans for Indian territories.
Franchise system has been one of the most successful business models in the world. It is growing rapidly in India too.
The franchising fee may be an upfront payment by the franchise to the franchisor. Franchising is an alternative to the franchisor building a chain store.
There are various benefits of this model. Various Indian companies have alredy involved in the model. From food industry to garment.
This model is has growing demand and widely accepted and hugely profitable.
India has become the first choice for franchising. Many foreign companies smelling the value of Indian market and start investing in it. Franchising has the effect of creating cross-border economic relationships. Franchising has a bright future in India
It also helps foreign franchisors establish themselves in the fastest growing market. It will lead India to create a strong economy in near feature. No doubt about that.