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A COMPARITIVE STUDY OF ORGANIZED AND UNORGANIZED RETAIL SECTOR IN HAVERI DISTRICT - OF KARNATAKA STATE (A CASE STUDY)
Authors
Dr Ravi B,Jayasheela G
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Keywords
Retailing, goods or services, manufacturer, a wholesaler or a retailer, Organized And Unorganized Retail Sector
Abstract
India started its journey since ancient time. In ancient India there was a concept of weekly fair, where all the buyers and sellers gather in a big market for purchase and sale of goods under barter system. This retail journey in India takes lot of time to transform into modern retail. Apart from these two concepts i'e ancient retail concept and the modern retail concept are smell modern kirana / mom and pop shops or Baniya ki Dukan. Even then retailing is dominating in India.
Retailing in India is going through an evolutionary stage and is one of the largest sectors in the global economy. The current estimated value of the Indian retail sector is about 500 billion USD and expected to reach 1.3 trillion USD by 2020. India is termed as the nation of shopkeepers with about 15 million retail outlets of all kinds and is dominated by small neighborhood grocery stores termed as kirana stores1.
Indian retail has traditionally has been an unorganized sector, where retailers lacked the means as well as the will to develop or expand. Retail could also never enjoy the support of the Indian consumer, who treats shopping as a form of leisure, enjoying the thrill of discovering bargains and discounts deals in his own time. The western attitude of splurging, indulging and shop-till-you drop has slowly entered the country and led to organized retailing. In most of the countries it is the organized retailers who dominate the sector in India, the unorganized retailers command about 4% of the market share.
IJCRT's Publication Details
Unique Identification Number - IJCRT1813226
Paper ID - 188664
Author type - Indian Author
Page Number(s) - 1072-1088
Pubished in - Volume 6 | Issue 2 | APRIL 2018
DOI (Digital Object Identifier) -
No Of Downloads - 1396
Author Country - 577004, India, dcm layout davanagere, dcm layout davanagere, India, Commerce
Publisher Name - IJPUBLICATION | www.ijcrt.org | ISSN : 2320-2882
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Dr Ravi B,Jayasheela G, "A COMPARITIVE STUDY OF ORGANIZED AND UNORGANIZED RETAIL SECTOR IN HAVERI DISTRICT - OF KARNATAKA STATE (A CASE STUDY)", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.6, Issue 2, pp.1072-1088, APRIL 2018, Available at :http://www.ijcrt.org/papers/IJCRT1813226.pdf
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