Indian Retail Industry

INDUSTRY PROFILE The Indian Retail Industry is the largest among all the industries, story for over 10 per cent of the democracys gross domestic product and around 8 per cent of the exercising. The Retail Industry in India has come forth as one of the most high-octane and fast paced industries with several(prenominal) players entering the market. Retailing in India is step by step inching its way toward becoming the near boom diligence. The whole imagination of obtain has altered in terms of format and consumer purchase behaviour, ushering in a revolution in shop in India. Modern retail has entered India as seen in sprawling shopping centres, multi-storied malls and huge complexes offer shopping, merriment and food all beneath one roof. The Indian retailing sector is at an flection point where the growth of organized retailing and growth in the consumption by the Indian population is going to engage a higher growth trajectory. The Indian population is witnessing a significant change in its demographics. Retail and real demesne are the two booming sectors of India in the present times. And if industry experts are to be believed, the prospects of both the sectors are mutually parasitical on each other.

Retail, one of Indias largest industries, has presently emerged as one of the most dynamic and fast paced industries of our times with several players entering the market. Accounting for over 10 per cent of the countrys GDP and around eight per cent of the employment retailing in India is gradually inching its way toward becoming the next boom industry. As the contemporary retail sector in India is reflected in sprawling shopping centres, multiplex- malls and huge complexes offer shopping, entertainment and food all under one roof, the concept of shopping has altered in terms of format and consumer buying behaviour, ushering in a revolution in shopping in India. This has in addition contributed to large-scale investments in the real estate sector with major national and global players investing in... If you want to get a full essay, order it on our website: Orderessay

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