The Article is
My take on the Indian Retail industry:
Picture Source: http://knowindia.net/retail.html
So far the industry is so fragmented with many mom & pop stores across the streets and now the entering of "The Big" Retail giants into the Indian domain is a big move in the retail industry. Though it is in the fragmented phase, retail industry is contributing for over 10% of country’s GDP and more than 8% of job opportunities. This industry is emerging as one of the most rapid and dynamic industries with lot of players stepping in – to grab the market. Government policies are becoming very favorable. Walmart is already putting its foot hold with the help of Bharti. Reliance is also making its strategic retail moves aggressively.
The Indian consumer has changed his buying behaviour very aggressively and this created a revolution in the shopping pattern. Large malls, multi-storeyed shopping complexes are popping up in every city with food, entertainment and shopping under one umbrella. The sudden drift in this shopping behaviour can be attributed to the development of large & young working class communities, nuclear families in metros, increasing working women and the wide open opportunities in service sector.
I believe that Retail industy is in the consolidation phase and transforming itself into an ‘organised’ sector in
Labels: Industry Insights