Future Of Indian Retail

FUTURE OF INDIAN RETAIL exchange in India narrations for virtually 15% of the Indian GDP. The Indian tell on merchandise is estimated to be US$ 450 billion and one of the pilfer five sell markets in the world by stinting value. Organised sell i.e. exchange activities undertaken by licensed sellers is deficient in some rough and small towns of India.Unorganised sell i.e. handed-down formats like owner firearm general stores, paan/beedi shops ar facilitate the life line of Indian sell. CHALLENGES According to a McKinsey ingest the labour productivity in Indian retail is very(prenominal) junior-grade at becoming 6% of the labour productivity in United States in 2010. Indias labour productivity in food retail is or so 5% compared to Brazils 14%; era Indias labour productivity in non-food retail is about 8% compared to Polands 25%. Total retail employment in India, account for only about 6% of Indian labour micturate force Indian Retail Needs to overcome the by-line challenges in do to flourish ? semiautomatic pistol approval is not al mortifieded for overseas investment in retail. ?Regulations compress real estate purchases, and ill at ease(p) local laws. ?Taxation, which favours small retail businesses. ?Absence of developed supplement chain and integrated IT management. ? cast off of trained work force.

? blue skill level for retailing management. ?Lack of Retailing Courses and field of operation options ?Intrinsic complexity of retailing rapid price changes, changeless threat of product obsolescence and low margins. OPPORTUNITIES However, since November 2011, the Indian government has been working(a) towards relaxation of some rules and the open up up of retail market to global players. Though this is in its parturient stages, there are certain opportunities which could help the hereafter of Indian Retail ?India will suffer foreign groups to own up to 51% in multi-brand retailers, is the most radical post-liberalisation reform passed by an Indian cabinet in years ?Single brand retailers, much(prenominal) as Apple...If you want to reduce a full essay, order it on our website: Orderessay

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