Retail Boom In India


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It is that glorious phase of India when everything seems purchasable and anything could be sold

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Retail Boom In India

  1. 1. Presented to:- By: Dr. Kiran Rai Sunil Chhajar Retail Boom in India
  2. 2. Status of Retail industry in India <ul><li>Retail is India’s largest industry accounting for over 10% of country’s GDP and around 8% of employment. </li></ul><ul><li>According to ‘Retail in India Getting Organized to Drive Growth’ ,a report by AT Kearney and confederation of Indian Industry, retail is one of the India’s fastest growing industry which is expected to grow 25% annually with expected revenues of US$436billion in 2009 and US$637 billion by 2015. </li></ul>
  3. 3. Why & How Boom? <ul><li>Presently India is seeing a ‘Big Retail Boom’ with no. of big retail chains like Vishal, Big Bazar, V-Mart, Ansal etc are entering every market of India changing the whole concept of shopping in terms of format & consumer buying behavior , ushering in a revolution in shopping as Modern retail has entered in India in sprawling shopping centers, multi-storeyed malls & huge complexes offer shopping, entertainment and food under one roof. </li></ul>
  4. 4. Reason for its success <ul><li>According to the International Councils of Shopping centers,at the moment, there are more than 274 malls in India . By 2009 the number will cross 450. </li></ul><ul><li>Economists say the boom is successful as: </li></ul><ul><li>1.It is driven by demand from the country’s preponderantly young working population </li></ul><ul><li>2.The liberalization in trade </li></ul><ul><li>3.Now the people in India have more spending power </li></ul>Year Per capita income 2002 $460 2005 $620
  5. 5. Some Sights of Boom <ul><li>Retail icon Kishore Biyani is stepping on to announce plans to roll out 225BigBazar stores and hundreds of other outlets in other formats in the next four years </li></ul><ul><li>With already 125stores spread across 25 cities , Spencer’s retail plan is to open 1000 stores by 2009 an break neck speed </li></ul><ul><li>The Tata group too expanded its footprint by entering the durable segment ,in a tie-up with Australian retailer Woolworths, with the launch of its Croma store </li></ul><ul><li>K Raheza group’s Shoppers Stop & R Raheza-controlled Globus are expanding their reach. </li></ul><ul><li>Bharti is expected to invest Rs60 billion in the initial phase in a tie-up with world’s largest retailer Wal Mart </li></ul>
  6. 6. Thoughts of a common man <ul><li>For </li></ul><ul><li>“ Mittali Shrivastava , a housewife with two children; it is a sign of progress and development . She believes ”Globalization has arrived……India is catching up with rest of the world”. </li></ul>
  7. 7. The Retail Revolution <ul><li>No revolution is complete without the participation of the masses </li></ul><ul><li>Creating a new revolution </li></ul><ul><li>Higher productivity and better output </li></ul><ul><li>Elimination of traditional intermediaries & unorganized retail market. </li></ul>
  8. 8. <ul><li>The march of market forces is inevitable, and as in US and Europe, many small traders will have to be a part of it or they will be wiped out. </li></ul><ul><li>So we can say it is an era of revolution in which some have to be worse off for others better off. </li></ul>
  9. 9. Thank you