Indian retail market will attract investments worth $412 billion

Deccan Herald reports that PricewaterhouseCoopers (PwC) has estimated that $412 billion in investments will come into India by 2011. Hypermarkets and supermarkets will receive the maximum investment, with more than half of it going to food related retail. The figure is substantially higher than the estimated amount of $320 billion that was suggested by Prime Minister Manmohan Singh.