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- Title
CHALLENGES FOR ORGANIZED RETAILING IN INDIA.
- Authors
JAIN, VEENU
- Abstract
After the entrance of ecommerce in India, the phase of retail industry has changed drastically Retailing is the interface between the producer and the individual consumer buying for personal consumption. This excludes direct interface between the manufacturer and institutional buyers such as the government and other bulk customers. The Indian Retail sector has come off age and has gone through major transformation over the last decade with a noticeable shift towards organised retailing. The retail market is expected to reach a whooping Rs. 47 lakh crore by 2016-17, as it expands at a compounded annual growth rate of 15 per cent, accordingy to the 'Yes Bank - Assocham' study. The retail market, (including organised and unorganised retail), was at Rs. 23 lakh crore in 2011-12. According to the study, organised retail, that comprised just seven per cent of the overall retail market in 2011-12, is expected to grow at a CAGR of 24 per cent and attain 10.2 per cent share of the total retail sector by 2016-2017.
- Subjects
INDIA; RETAIL industry; RETAIL stores; RETAIL trade associations; TRADE associations
- Publication
CLEAR International Journal of Research in Commerce & Management, 2016, Vol 7, Issue 8, p45
- ISSN
2249-4561
- Publication type
Article