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Indian Retail Industry
CYGNUS Business Consulting & Research, June 2008, Pages: 100
The retail sector in India is witnessing a huge revamping exercise as traditional markets make way for new formats such as departmental stores, hypermarkets, supermarkets and specialty stores. Western-style malls have begun appearing in metros and second-rung cities alike introducing the Indian consumer to a shopping experience like never before. The sector is at an inflexion point where the growth of organised retailing and growth in the consumption by the Indian population will take a higher growth trajectory.
Key Findings & Highlights:
- Retail, India’s largest industry and the country’s largest source of employment after agriculture, has the deepest penetration into rural India, and generates more than 11% of India’s GDP.
- The government allows 100% Foreign Direct Investment (FDI) in cash and carry through the automatic route and 51% FDI in single brand retail through Foreign Investment Promotion Board (FIPB).
- The Economic Survey 2007-08, has suggested a share for foreign equity in all retail trade is 100% in respect of luxury brands and other specialised retail chains.
- The back-end costs without distribution centre costs, or what is called retail administration costs in retail jargon, is around 2.5% to 3% of sales.
Reasons to Buy:
- Spot business opportunities in retail industry
- Gain a thorough understanding of the changing trends in
retail industry
- Reveal the strategies useful for entrepreneurs interested in
doing business directly or indirectly
This report will be useful to entrepreneurs interested in getting insights of retail industry for doing direct and indirect business in the sector, management consultants, banks evaluating retail sector proposals, investors who are interested in this sunrise sector, retail professionals for getting larger picture of the sector. Last but not the least this report can also be useful for educational institutions imparting courses in retail management.
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