The retail industry in India has better growth prospects, with the organized retail sector expected to reach $543.2 billion by 2014. Currently only 5% of the retail sector is organized, compared to 70-80% in more developed markets. Shopping malls are expected to drive much of the growth, with the number of malls expected to increase from 300 in 2013 to over 500 by 2014, adding over 50 million square feet of new retail space. The future of retail in India is expected to see organized retail reach $50 billion by 2011, rural markets dominating, and sectors like apparel, food and grocery, and entertainment experiencing strong growth. The retail industry provides many opportunities for skills development and careers in areas like marketing,
Call Girls Jp Nagar Just Call 👗 7737669865 👗 Top Class Call Girl Service Bang...
India retail & opportunities
1. Retail : An Industry with better prospects Vythnathan.M B. Arch; PGP ACM; Dip SCM (UK) Deputy General Manager WT Retail Services # 1 Embassy Icon Annexe, Infantry Road Bangalore-560008 Email : vythnathan@wtretailindia.com
2. Retailing Buying & Selling of goods/services! Timely delivery of goods/services demanded by consumers ! Timely delivery of goods/services at competitive & affordable price range for the consumers! A commercial transaction in which a buyer intends to consume the goods/ service through personal/ family/household use!
3. India Retail 5th Largest Retail Destination globally Currently at $353 billion to reach $543.2 billion by 2014 at a rate of 10-20% CAGR Contribution to GDP at about 10% Organized sector: Currently at 5% and to reach 18% by 2015 Reference : BMI India Retail Report Q3’10
14. Future Organized retail to reach $50 billion by 2011 Shopping centres to grow at a CAGR of 18.9% Rural market to dominate the sector Third party logistics market to reach $20 billion by 2011 Apparel with food & grocery to dominate-mass grocery retail to increase by 154% to reach $15.29 bn by 2014 Entertainment sector to rise up Reference : BMI India Retail Report Q3’10
15. Vistas in Retail for budding Managers!! Accounting Market Research Advertising & Sales Promotions Shopping Centre Management Supply Chain Management Inventory Control Strategy & Brand Development Merchandising Store Operations Franchising & Retail Leasing Marketing & Sales Customer Relations Consumer Behavior