Future Of Indian Retail

FUTURE OF INDIAN RETAIL changeing in India accounts for approximately 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 owner man general stores, paan/beedi shops are still the life creese 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 productivity in joined States in 2010. Indias labour productivity in food sell is about 5% compared to Brazils 14%; while Indias labour productivity in non-food retailing is about 8% compared to Polands 25%. complete retail employment in India, account for only about 6% of Indian labour work force Indian Retail Needs to overcome the f ollowing challenges in influence to flourish ? semiautomatic approval is not holded for foreign investiture in retail. ?Regulations constricting real estate purchases, and cumbersome local laws. ?Taxation, which favours small retail businesses. ?Absence of developed supply chain of mountains and integrated IT management. ? drop of trained work force.

?Low science level for retailing management. ?Lack of Retailing Courses and study options ?intrinsic complexity of retailing rapid price changes, constant affright of product obsolescence and low margins. OPPORTUNITIES However, since November 2011, the Indian government has been working towards ! remainder of some rules and the open up of retail market to international players. Though this is in its parturient stages, there are current 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 most(prenominal) radical post-liberalisation reform passed by an Indian cabinet in years ?Single brand retailers, such as Apple...If you urgency to get a full essay, order it on our website: OrderCustomPaper.com

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