Retail

Retail is undoubtedly the sector that is poised to show the highest growth rate in the years to come. It is presently the fifth largest in the world and is one of the fastest growing industries in India. Accounting to about 15 -20 percent employment opportunities in India, the retail industry is one of the fastest evolving entities in the global market. This sector is set up for a revolution, as both present actors and new entries are gearing up to explore the market and leave a mark.

It seems, the growth of the Indian economy has manifested itself in the growing power of its citizens, and has clearly reflected in the way goods and services are bought and sold. With around 12 million retail outlets across India and an estimated size of around $450 billion, the retail sector perhaps remains one of the key contributors to Growth Domestic Product (GDP) of India.

Though initially, the Indian retail industry was mostly unorganized, the changes in tastes and preferences of consumers have ensured that the industry is getting more popular these days and is getting organized as well. Also the growing market demand in the industry is expected to grow at a pace of 25 – 30 percent every year.

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