Retail Industry

Executive Summary retailing is emerging as a sunrise patience in India and its presently the largest employer after agriculture. In the year 2004, the size of Indian organized retail industry was Rs 28,000 Crores, which was only 3% of the total retailing mart. The sunrise of the nonionized retailers in India creates a major turn in the retail industry. Top major organised retail players are increase their trade share day by day. Their main instruction is based on FMCG and consumer durables. With modernization, Indian culture is aping the western dressing sense and lifestyle and these techniques is promoting by the retailers and by this they are generating a remarkable revenue from the Indian consumers. Todays Retail in India Comprised of organized and traditional retail formats, Indian Retail market is estimated to be worth US$ 511 billion, and is poised to bring astir(predicate) to US$ 833 billion by 2013. The organised retail that currently accounts for less than 5 per cent of the total retail market is expected to register a compound annual evolution rate (CAGR) of 40 per cent and swell to US$ 107 billion by 2013. A report by global consultancy firm, AT Kearney said The consumer spending in India has increased by an cogent 75 per cent in the last four long time and depart quadruple in the next 20 years.

Moreover, India late topped the Nielsen Global Consumer Confidence study, conducted by Nielsen, a market research company. The biannual report revealed that Indians are the most upbeat lot globally who think that their country will be out of the economic recession in the next 12 months. However the size of Organised Retail in India will exceed US$22bn mark from current level of about US$4bn with its space requirement touching over 220mn sq. ft., by 2010, according to The Associated Chambers of Commerce and Industry of India (ASSOCHAM). In a Paper brought out by ASSOCHAM on `Retail Scenario in India and Its Related Issues, it has been stated that approx. 40mn sq. ft. is... If you want to get a unspoilt essay, order it on our website: Orderessay

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