NEW YORK, Dec. 14, 2010 /PRNewswire/ --See video from PricewaterhouseCoopers LLP at:
PwC "Strong and Steady: 2011 Outlook for the Retail and Consumer Products Sector in Asia" report revealed that Asia Pacific's retail and consumer market is expected to grow an average of 6% from 2010 through 2014. According to the report, which was produced in cooperation with the Economist Intelligence Unit, China and India are expected to drive overall growth in the region over the next five years.
China is expected to realise year-on-year retail sales growth of over 14%, or US$2.2 trillion in 2010 and US$4.6 trillion by 2014. In India, high inflation in 2010 is expected to keep growth under 2%, but annual growth will increase at an average rate of over 4% in 2010-2014 as incomes increase and a variety of new stores, including international brands, open their doors. Available video includes general views from PwC headquarters in London and in Beijing.
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