Introduction Of India 's Retail Sector

As we all know, the retail industry is very crucial and is highly competitive. As this company

India has stepped in the exuberant age of retail. It ranks second after Russia as the most alluring destination for retailers among 30 emerging markets, according to the Global Retail Development Index developed by AT Kearney, a consultancy. The 10-12% increase in the economy’s disposable income can be seen clearly by the way goods and services are being brought and sold. Retail Trade contributes 10-11% of India’s GDP.

•  India's $250 billion retail business is the eighth largest in the world and has the potential to grow 7 per cent by 2011. [McKinsey Report] For a company already dominating the world markets, this is an un-passable opportunity.

Retail is the sale of goods and services from individuals or businesses to the end user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods or products in large quantities from manufacturers or directly through a wholesaler, and then sells smaller quantities to the consumer for a profit.

In India, the middlemen between the producer and the retailer also played a prominent role in the retail and wholesale industries. Walmart’s proposal was to cut out these middlemen and to connect the producers directly to the retailers, in order to reduce the inefficiencies in India’s traditional supply chain. This was to be implemented through the joint venture, wherein Bharti would manage the retail store operations and Walmart would focus on logistics capabilities and building the supply chain. However, cutting out middlemen would create more opposition to Walmart’s presence in India. Notwithstanding the benefits that Walmart could bring to India, the retail lobby increased its protest against Walmart’s entry to the Indian retail

Global Retailing is one of the largest industry spread all over the globe, to meet needs of the consumers of all caste and religion. It is not necessary for a company to be physically to be present in the country to make transactions of goods or money. Instead, global retailers use the help of suppliers and local market to satisfy the needs. But now-a-days the trend is changing, retailers are now making and producing their own brand under their own shelter to meet their company’s respective motto and mission. When we talk about Global Retailers of International Retailers, we come across Walmart, Tesco, and Carrefour as the major industries responsible for Global Retailing. The grocery sale of top four retailers exceeded more than $600 billion in 2011, and I was forecasted to reach 2.5 times more in 2016. The Global Retailing operates in an oligopoly market because it is dominated by a few suppliers in the market.

FDI in Retailing started with FDI in cash and carry wholesale trading first permitted in 1997 to the extent of 100% under the Government approval route and thereafter in 2006 brought under the automatic route. In 2006 again FDI in Single Brand Retailing was permitted to the extent of 51%. From here it is but natural and logical that FDI would now proliferate to multi-brand retailing. But the progression to FDI in multi-brand retailing cannot take place at the cost of vital concerns raised in connection with this possible change by different groups; viz, the question of adaptability of the retailers in the unorganized sector, the question as to how the FDI in retailing can be harnessed for the benefits of Indian agriculture and Medium and Small Enterprise and above all how to impart into the economy a degree of resilience to withstand the changes that would be ushered in the wake of introduction of FDI in retailing. All these concerns have to be addressed not because the Left wing political parties and the media through their campaign have necessitated such attention but because we are constitutionally bound to do so .The Preamble of the Constitution resolves to constitute India into a Sovereign, Socialist, Secular, Democratic, Republic and to secure to all its citizens JUSTICE, social, economic and political …..EQUALITY of status and opportunity. Directive Principles of State Policy similarly exhorts the state to establish just, equitable and fair order. Article 39(c) states that the state should ensure that the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment. Though both these features are not enforceable, the Executive and the Apex Court in particular have

The retail industry is one of the most competitive sectors of the business arena. With demands from the public came the large amount of choices of retailers. Wal-Mart, Target, Tilly’s, and Forever21are just some of the options for customers and all of these are tailored to the high demands. One segment of the retail industry is sporting goods and there is also a large amount of competition in this aspect. Companies such as Adidas, Nike, Reebok, Converse, and New Balance appear to have dominated the market.

The retail sector plays a pivotal role in the development of UK economy, contributing £180 billion to GDP in 2014, 11% of the total. This industry employed about 4.4 million people in 2014, 15.8% of the UK labour, becoming the largest broad industrial group by the quantity and proportion of employees. 539,000 enterprises operating in the retail industry in the UK makes account for 10.3% of all UK businesses. Therefore, the failure of retail companies can lead to adverse impact on not only shareholders, employees but also the whole economy. Those are the reasons why the UK government has focused on the development of this industry and also made an effort to prevent the bankruptcy in the retail sector.

Major grocery retailers in the United Kingdom such as Tesco and Sainbury's are faced with a number of challenges and opportunities in their commercial operations at home and abroad. Indeed, grocery retailers such as Tesco are pursuing innovative home delivery schemes whereby consumers can complete all of their otherwise onerous grocery shopping chores online. Likewise, many of these major grocery retailers are expanding their operations abroad in an effort to grow their businesses in other countries. As the global middle class continues to increase in numbers, the selection of countries appropriate for expansion has become even more difficult. To determine which country is best suited for a major UK-based grocery retailer for expansion abroad, this paper provides a review of the literature concerning the respective political, economic, social and technological aspects of grocery retailing in Brazil and India, followed by a summary of the research and important findings in the conclusion.

The Indian retail industry is divided into organized and unorganized sectors. Organised retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. Unorganised retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, the local kirna shops, owner manned general stores, paan/beedi shops, convenience stores, hand cart and pavement vendors, etc. The emergence of organized retailing in India has more to do with the increasing purchasing power of buyers, specially post liberalization, increase in product variety, and the increasing economics of scale, with the aid of modern supply and distribution management solutions. The current retailing revolution has been provided impetus from multiple sources. These revolutionaries include: (1) Conventional stores upgrading themselves to modern retailing (2) Companies in competitive

I am Prof. (Mrs) Vaishali Patil of K.M.Agrawal College of Arts, Commerce & Science, Kalyan (West), Dist.- Thane, doing a research on the topic “A Study Of Challenges And Opportunities In Unorganised Retailing In Thane District” for the award of Ph.D Degree in Commerce from Swami Ramanand Teerth Marathwada University, Nanded. Kindly find enclosed herewith a questionnaire to be completed and obliged. Your responses will go a long way in establishing the hypotheses and objectives of the research under consideration.

The Indian retail industry is the fifth largest in the world. Comprising of organized and unorganized sectors, India retail industry is one of the fastest growing industries in India, especially over the last few years. Though initially, the retail industry in India was mostly unorganized, however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow at a pace of 25-30% annually. The India retail industry is expected to grow from Rs. 35,000

The Indian 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. But all of them have not yet tasted success because of the heavy initial investments that are required to break even and compete with other companies. The Indian retail industry is gradually inching its way towards becoming the next boom industry.

Over the last two decade broader socio-economic changes, including growth in the urban middle class and disposable incomes have given rise to the modern retail sector in Pakistan. There has been a marked decrease in traditional ‘kiryana’ stores, an increase in general stores and the emergence of new formats such as superstores, malls and retail chains to