Future Of Indian Retail

FUTURE OF INDIAN RETAIL shiting in India accounts for to the highest degree 15% of the Indian GDP. The Indian sell market is estimated to be US$ 450 billion and one of the top five sell markets in the world by economic value. Organised sell i.e. barter activities undertaken by licensed retailers is absent in to the highest degree boorish and small towns of India.Unorganised sell i.e. traditional formats like proprietor man general stores, paan/beedi shops are still the life livestock of Indian Retail. CHALLENGES According to a McKinsey study the labour productiveness in Indian retail is very junior-grade at comely 6% of the labour productiveness in linked States in 2010. Indias labour productivity in food retail is nigh 5% compared to Brazils 14%; while Indias labour productivity in non-food retailing is about 8% compared to Polands 25%. fall retail employment in India, account for only about 6% of Indian labour work force Indian Retail Needs to ove rcome the following challenges in vagabond to flourish ? semiautomatic approval is not includeed for foreign investiture in retail. ?Regulations constricting real estate purchases, and cumbersome topical anaesthetic laws. ?Taxation, which favours small retail businesses. ?Absence of developed supply compass and integrated IT management. ? drop of trained work force. ?Low cleverness level for retailing management. ?Lack of Retailing Courses and study options ? inbuilt complexity of retailing rapid price changes, constant flagellum of product obsolescence and low margins. OPPORTUNITIES However, since November 2011, the Indian government has been working towards sleep of some rules and the open up of retail market to orbicular players. Though this is in its parturient stages, there are trustworthy opportunities which could help the future of Indian Retail ?India will allow foreign groups to own up to 51% in multi-brand retailers, is the near radical post-lib eralisation reform passed by an Indian cabin! et in years ?Single brand retailers, such as Apple...If you lack to get a full essay, order it on our website: OrderCustomPaper.com

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