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Industry Insight - Indian Retail Industry
CYGNUS Business Consulting & Research, July 2008, Pages: 245
Retailing in India is the largest employer after agriculture. It employs over 6% of the total work force in India and has a contribution of 11% to the national GDP which is expected to grow further. The total retail share in the world GDP is 27%. World wide retail sales are valued at US$ 7000 billion. The top 200 retailers alone accounts for 30 % of the worldwide demand. Some of the major markets in world are USA, UK, Germany and Japan. Retail stores constitute 22% of US GDP & are the 3 rd largest employer segment in USA.
Indian retail is at an inflexion point where the organised retailing and consumption by the population is going to take a higher growth trajectory. The Indian population is witnessing a significant change in its demographics. Organised retail is on all time high in India. The growth is boosted by various factors such as media proliferation, various brands gaining value, availability of various funding options, VAT implementation, change in demographics of country and international exposure.
This report is structured into three major parts. First part comprises Executive Summary and highlights of the retail sector. Second part consists of 12 chapters: Overview of Global Retail Industry, Indian Retail Industry, Organised Retail Formats in India, Food Retail in India, Apparel Retail in India, Growth Drivers of Indian Retail, Technology Implications, Issues & Challenges, Critical Success Factors, Regulations and Policies and Future Outlook of the industry. The third part consists of supporting literature in the form of Annexure.
This report will be useful to entrepreneurs interested in getting insight into retail industry for doing direct and indirect business, management consultants, banks evaluating retail sector proposals, investors and professionals. Last but not the least, this report can also be useful for educational institutions imparting courses in retail management.
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