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Retail Scene in India
by Mr. Y C Narendrababu, Empanelled Consultant, See Change Consulting
What is Retailing ?
Retailing is the set of business activities that adds value to the products
and services sold to consumers for their personal or family use.
Retail:
The word retail orginates from the French word “Retaillier”, which means
”to cut, divide into pieces and sell in small quantities to consumers”
Retailer:
Retailer is a person, agent, agency, company or organization that helps in
reaching the goods, merchandise or services to the end consumers.
The Retail Sector in India:
There is a retail revolution in India, More malls, large stores, more
number of shoppers and products. In early 90’s this was pioneered by
organized retailers like Food world, Shopper’s stop etc.
• Retail industry is estimated at Rs850,000 crores as per Euro monitor
• Of which organized retail contribution as per industry estimates is
only 30 -35000 crores in 2005
• Organised retail contribution, is expected to grow 1,50,000 crores
by 2016, as per industry estimates
• More number of companies like Reliance, Bombay Dyeing, Tatas,
RPG, Pantaloons, Birlas, Life style are getting into retail.
• Global retailers like Carrefour, Tesco, Wal-mart, Metro etc have set
foot into India.

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• Organised Retail in India will result in 20 lakhs people directly
employed in the sector.
Why Retail growth in India ?
1. New modern retail centres in all cities
2. Exposure to Global Brands
3. Growing Urbanization and changing life style
4. Media Penetration
5. Nuclear Family structure
6. Rising expectations of the younger segment
7. Growing literacy
8. Rapidly expanding middle class
9. Rising income levels
10. Increasing number of working women.
There has been a rapid transformation in the last few years in Indian
retailing in many areas and the setting up of scalable and profitable retail
models across categories.Indian consumers arte rapidly evolving and
accepting modern formats overwhelmingly.