Over the last decade, India has seen a drastic change in how an average-income citizen shops. There has been a sharp rise in the organized retail sector especially after the relaxation of FDI restrictions, resulting to these changing patterns.…
The growth in retail sector also comes through innovative ideas. As retailers are providing the innovative buying options at different store like as cash & Carry, lowest price day (Sabse Sasta din) which help to increase the customer base. Initially organize retail was involve in the apparels and footwear. Now retail has included the food chains, book & CD store (landmark) and electronics (CROMA store a Tata retail chain). These all changes occurred at a passage of time so; it is an evolution rather than revolution. This paper help to give information about the journey of retail in India, different formats of retails chains, drivers of the retail industry, and finally the barrier in the growth of Indian retail.…
The India Retail Industry is the largest among all the industries, accounting for over 10 per cent of the country’s GDP and around 8 per cent of the employment. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market.…
In India, retailing is one of the largest source of employment after agriculture and has the deepest penetration into rural India generating over 10% of India’s GDP. The retail industry in India remains fragmented, with several small and medium players accounting for a sizeable portion of the total market size. In the rural segment, the consumers and farmers purchase their daily necessities and other items from the unbranded stores and distribution outlets. The urban centres have witnessed the mushrooming of retail/ departmental stores and many Indian group companies have constituted their own retail outlets for circulating and distributing their products. Indian firms are making concerted efforts to reengineer their brands and drive sales volumes. However, the performance success of retail stores lies in their ability to achieve economies…
modern malls cater to shopping, entertainment and food, all under one roof. It was estimated…
“Food and Grocery Retailing in India – Market Summary & Forecasts”, report, published by Conlumino, provides a detailed analysis of both the historic and forecast market data of food and grocery retail sales across key channels in India. In addition, it provides an overview of changing shopping trends, government policies towards business, the influence of various economic variables on the retail industry, the competitive landscape and detail of key retailers.…
Some will say that the retail sector in India is about to take off, what with the Ambanis planning huge investments in the sector in the near future. I would say it already has, or at least the nose-wheel is off the runway. The retail sector in India today is un-recognizable from what it was say even 10 years back.…
Modern Retail has seen a significant growth in the past few years with large scale investments made by Indian corporate houses primarily in Food and Grocery retailing. The total retail (organised and unorganised) industry in India is estimated to be Rs 20 lakh crore in 2010. This is expected to reach Rs 27 lakh crore by 2015. Organised retail, which is estimated to be Rs 1.0 lakh crore (5 per cent share) in 2010, is projected to reach Rs 3.0 lakh crore (11 per cent share) by 2015. This means a tripling of the current size and scale of organised retail in the next five years, i.e. 2010 - 2015. While organised retail will grow at a fast pace, it is important to note that a larger part of the Rs 7.0 lakh crore growth in total retail will come from unorganised retail. This segment (unorganised retail) is projected to grow by over Rs 4.5 lakh crore in the next five years.…
he retail industry in India is emerging as a one of the largest industries estimated to…
India’s retail industry is estimated to be worth approximately US$411.28 billion and is still growing,…
Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP. The Indian retail market is estimated to be US$ 450 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people.…
The revolution in retailing industry has brought many changes and also opened door for many Indian as well as foreign players. In a competitive and volatile market like India there is a constant clash between challenges and opportunities. Plenty of companies are devising strategies to maintain their foothold and increasing their profits in organised retail sector. In order to maintain their supremacy most of the organised…
According to a research report named ‘Retail Sector in India’ by Research and Markets, Indian retail sector accounts for 22 per cent of the country’s gross domestic product (GDP) and contributes to 8 per cent of the total employment.…
India’s retail industry accounts for 10 percent of its GDP and 8 percent of the employment to reach $17 billion by 2010. The Indian retail market is estimated at US$ 350 billion. But organized retail is estimated at only US$ 8 billion. Organized retail seems to be a mar 5 % of the industry. The sector is dominated by the local kirana shops, owner-managed general stores, chemists to drug stores, footwear shops, apparel shops, paan and beedi (small corner shops) and handcart vendors.…
On the basis of a report published by the India Retail Forum, the organized retail account for Rs.55,000 crore (about $12.4 billion) in the year 2006 and still it’s just about only 4.6% of the total Indian Retail Value that was about Rs.12,000,000 crore ($270 billion). It means that the major portion of the Indian Retail market is unorganized retail.…