Retailing - An Emerging Sector and a Sunrise Industry (With Special Emphasis on Organised Retailing)

Authors: Dinar Fatima

Country: India

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Abstract: India is being seen as a potential goldmine and most preferred retail destination. Retail trade has emerged as one of the largest industry contributing to employment generation, revenue generation, increased turn over and many more. India is poised to be the key driver for retail market globally and study after study shows co-existence of organized and unorganized growth. Organized retailing is showing signs of enormous creativity. It has emerged as one of the most dynamic and fast paced industries with several players entering the market. As a matter of fact retailing in India is gradually edge its way towards becoming the next boom industry. As per Global Retail Development Index (GRDI) 2012 high saving and investment rates; fast labor force growth; and increased consumer spending-make India for a very favorable retail environment and the 5th spot in the GRD.

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Paper Id: 1678

Published On: 2013-09-23

Published In: Volume 1, Issue 1, September-October 2013

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