The growth factors in indian organized sector are various but it is mainly due to the fact that india's economy is booming. As the retail sector witnesses unprecedented growth, india has emerged among the most desirable retail destinations in the world even though modern trade is growing at 15 to 20% per annum, it has a low organised retail penetration of just 8. The organised retail sector is expected to see an investment of over $30 billion within the next 4-5 years, catapulting modern retail in the country to $175-200 billion by 2016, according to technopak estimates. As far as organised retail is considered gst would (gst): how small retailers will benefit the share of organised retail in india is still less than 20 per.
What is the future of organized retail in india let’s consider some of the factors that could affect the future of organized retail in india consumers – who understands the indian consumer the best will win in the end. Retail industry is basically that sector of the economy which is engaged in selling finished products to end consumers most of the goods sold are made by some third party though these days big retail chains have introduced their brand line as well which is known as private labels. Organized retails may try hard with discounts and numerous attractions to pull in these socio-behavioural clusters, but such shoppers have not mentally accepted the modern retail. Organized jewellery retailing in india franchise models and branded jewellery.
The major factors responsible for the growth of organised retailing in india are as follows: organised retailing is a recent development it is the outcome of socioeconomic factors india is standing on the threshold of retail revolution retail industry, one of the fastest changing and vibrant. Organized retailing in india: challenges and opportunities 1 available online wwwvsrdjournalscom vsrd-ijbmr, vol 2 (3), 2012, 65-80research articleresearch article organized retailing in india : challenges and opportunities 1 sanjay manocha and 2anoop pandeyabstractthe retail landscape in india.
Indian organized retail market is growing at a fast pace due to the boom in the india retail industry. Cbre sees a potential of targeting an organized market of us$ 70-us$80 billion currently, which comprises organised indian and international retailers who are operating in india or are evaluating entering india. Organised retail market in india : size of opportunity retail sector in india however, to capitalize on the opportunity, a player needs to be.
Looking for updates on the retail sector read about the indian retail industry and the retail market in india also get informed about the organized retail. About organized retail organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store.
The word ‘retail’ means to sell or be sold directly to individuals retail is india’s largest industry, and arguably the one with the most impact on the population. Between fy09-13, organised retail in india witnessed a cagr of 19-20 per cent organised retail is expected to account for 24 per cent of the overall retail. Retail sector in india: present scenario optimism about high potential of growth in organized retail in india has also been shown by. Once upon a time the business of world was war the focus has since been shifted now economies are competing for consumers man has decided to enjoy.
This statistic displays the number of organized retail outlets across india in 2016, by leading company during the measured time period, abrfl had around 2,242 organized retail outlets across the country, while v2 retail had. The retail sector is presently undergoing a transition in india previously, customers used to go to kirana stores to purchases their necessities. Get complete details on retail industry in india - find the current market size, see how retail sector is transforming, chech out potential and growth in retail. Human resource management in organized retail industry in india 493 remaining 92 percent is left unorganized and within the organized sector, apparel is the. An overview and chalenges in organised retail sector in india presented by shibi singh. Organized retail in india - drivers facilitator and swot analysis deepika jhamb, ravi kiran asian journal of management research 266. The organized retail market in india has accounted according to wns research, the organized retail industry in india, which employed approximately.