Street-Side Retailers In India Not Really Harmed By Online Sales

India's traditional brick-and-mortar retailers are not suffering from the country's surge in e-commerce, according to credit ratings agency CRISIL. Street-side retailers will grow as much as 15 percent over the next three years in the country, despite the eye-popping success of Web sites like Flipkart and Snapdeal. CRISIL says revenues at 24 traditional retailers have grown at a “very healthy” 24 percent CAGR in the last five years “despite the headwinds.” By comparison, revenue growth among online retailers reached 60 percent in the same period.