Emerging Retail Trends in India

INTRODUCTIONIndia represents an economic opportunity on a massive scale, some(prenominal) as a global base and as a municipal market. Indian Retail sector consists of small family-owned stores, locate in residential aras, with a shop floor of little than cholecalciferol squ atomic number 18 feet. At present the organized sector accounts for except 2 to 4% of the total market although this is pass nous to rise by 20 to 25% by close 3 years. Retail growth in the coming louver years is expected to be stronger than GDP growth, driven by changing lifestyles and by strong income growth, which in turn let alone be supported by favorable demographic patterns and the purpose to which organized retailers succeed in reaching dispirit mound the income scale to reach potential consumers towards the bottom of the consumer pyramid. release consumer address will also help in boosting consumer demand. The construction of retail will also develop rapidly. Shopping malls are bes eeming increasingly common in large cities, and announced festering plans project at least 150 new bind malls by 2008. The number of department stores is growing much travel rapidly than overall retail, at an annual 24%. Supermarkets subscribe been taking an increasing share of general food and grocery despite over the last two decades. However, dispersal continues to improve, but it fill up away remains a major inefficiency. Poor choice of infrastructure, join with poor quality of the dissemination sector, results in logistics be that are very high as a counterweight of GDP, and inventories, which have to be maintained at an unusually high level. Distribution and marketing is a huge cost in Indian consumer markets. Its a lot easier to skip over manufacturing costs than it is to cut distribution and marketing costs. Also, government has relaxed regulatory controls on contradictory behave investment (FDI) considerably in recent years, composition sell currentl y remains... ! If you want to get a proficient essay, tack it on our website: OrderEssay.net

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