Indian Retail

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Title: Indian Retail

Essay Details:

Subject: Business

Author:

Date: July 18, 2015

Level: University

Grade: A

Length: 2 / 352

Essay text:

The organized retail however is at a very nascent stage though attempts are being made to increase its proportion to 9-10% by the year 2010 bringing in a huge opportunity for prospective new players 1. The sector is the largest source of employment after agriculture, and has deep penetration into rural India generating more than 10% of India's GDP 2. Source: Ernst &Young, The Great Indian Retail Story, 2006. A look at the statistics shows that the retail sector in India is worth USD 394 billion and is growing at the rate of 30% annually. An ICRIER study has found that retailing ($180 billion) contributes to 10 per cent of GDP and employs 7 per cent (21 million) of the workforce 3...

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