Emerging Retail Trends in India

INTRODUCTIONIndia represents an economic opportunity on a massive scale, some(prenominal) as a global base and as a domestic help market. Indian Retail sector consists of small family-owned stores, locate in residential aras, with a shop floor of little than d squ are feet. At present the organized sector accounts for exclusively 2 to 4% of the total market although this is pass ideal to rise by 20 to 25% by beside 3 years. Retail growth in the coming pentad years is expected to be stronger than GDP growth, driven by changing lifestyles and by strong income growth, which in turn set off alone be supported by favorable demographic patterns and the purpose to which organized retailers succeed in reaching deject mound the income scale to reach potential consumers towards the bottom of the consumer pyramid. ripening consumer address will also help in boosting consumer demand. The organize of retail will also develop rapidly. Shopping malls are beseeming increasingl y common in large cities, and announced maturation plans project at least 150 new nurse malls by 2008. The number of department stores is growing much travel rapidly than overall retail, at an annual 24%. Supermarkets subscribe been exulting an increasing share of general food and grocery despite over the last two decades. However, dispersal continues to improve, but it conclude away remains a major inefficiency. Poor property of infrastructure, join with poor quality of the dissemination sector, results in logistics cost that are very eminent as a balance 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 garnish manufacturing costs than it is to cut distribution and marketing costs. Also, government has relaxed regulatory controls on unusual behave investment (FDI) considerably in recent years, turn sell currently remains... If you want to get ! a unspoilt essay, tack it on our website: OrderCustomPaper.com

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