Emerging retail sector in India

Abstract

Retail is the world’s largest industry with global retail sales of roughly USD 8 trillion. Retailing is also one of the biggest contributors to the Gross Domestic Product (GDP) of most countries and also one of the biggest employers In India, however, the retail sector has seen a high level of fragmentation with a large share held by unorganized players. India has a large number of retail enterprises. With close to 12 million retail outlets India has one of the highest retail densities in the world. At year end of 2006 the size of the Indian organized retail industry is estimated at Rs. 25,000 crore.Today retail is one of the growing industry in India and its contribution is every where like in FMCG, cloth, textile and fashion, durables and mobiles, food service, jewellery and footwear services etc. the concept is all things available under one roof that is organized retail and there is big different is organized retail and unorganised retail. This paper focuses on the theoretical underpinning of the organized & unorganized retailing and its emergence. it also focuses on changing effect of customer behavior from unorganized retail to organized retail . Keywords: retail, organized retail, unorganized retail

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