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India's retail dilemma: too few nice malls

Many centres struggle to draw shoppers or retailers because of poor design or inefficient management

India has only 77.6m sq ft of mall space, less than one tenth of US levels, despite having nearly four times the population, with the shortage of attractive malls most acute in New Delhi and Mumbai.

New Delhi

A SEVERE shortage of attractive malls has made setting up shop in India easier said than done, crimping expansion plans for both foreign retailers such as Lacoste and domestic giants like department store chain Shoppers Stop.

India's searing heat, heavy traffic and