Indian Retail Sector
THE INDIAN RETAIL SECTOR
BUSINESS ENVIRONMENT
TOPIC Pg. No.
1. Introduction 2
2. Legal / Political / Economic Env. & Government’s role 3
3. Demographic env. & Customers 5
4. Technological env. 8
5. Social / Cultural env. 9
6. Global env. & Globalisation 10
7. Competition 11
8. Intermediaries in the retail sector: Suppliers & Distributors 13
9. Indian Retail Sector: The road ahead 15
INTRODUCTION
Retailing- is the most active and attractive sector of the last decade. While the retailing industry itself has been present through history in our country, it is only in the recent past that it has witnessed so much dynamism. It is the latest bandwagon that has witnessed hordes of players leaping onto it. The word retailing is derived from the French word ‘retailer’, which means ‘to cut up’ or ‘break the bulk’. Retailing includes all the activities involved in selling goods or services directly to final customers for personal, non business use. Retailing is the final stage in the distribution process.
Retailing is emerging as a sunrise industry in India and is presently the largest employer after agriculture. In the year 2004, the size of Indian organized retail industry was Rs 28,000 Crore, which was only 3% of the total retailing market. In the year 2004, Rs 28,000 Crore organized retail industry had Clothing, Textiles & fashion accessories as the highest contributor (39%), where as health & beauty had a contribution of 2%. Food & Grocery contributed to 18% whereas Pharma had a contribution of 2%.
Retailing, one of the largest sectors in the global economy, is going through a transition phase not only in India but the world over. For a long time, the corner grocery store was the only choice available to the consumer, especially in the urban areas. This is slowly giving way to international formats of...
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