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The Indian franchise market has been witnessing remarkable growth over the past decade. With a rapidly expanding consumer base, increasing disposable incomes, and a rising entrepreneurial spirit, India has become one of the most attractive destinations for franchise businesses. This article explores the dynamics of the Indian franchise market, its key drivers, challenges, and future outlook.
Overview of the Indian Franchise Market
India is the second-largest franchise market in the world, after the United States, with over 5, 000 active franchisors and nearly 200, 000 franchise outlets. The sector contributes approximately 1.8% to India’s GDP and is expected to grow at a compound annual growth rate (CAGR) of 30% over the next five years. Visit: https://franchisediscovery.in/
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