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  Published Paper Details:

  Paper Title

RETAIL SCENE IN INDIA AND CHALLENGES

  Authors

  Gurjit Singh

  Keywords

Retailing; Peaking; Declining; Opening; Closing

  Abstract


India is the country having the most unorganized retail market. Traditionally it is a familys livelihood, with their shop in the front and house at the back, while they run the retail business. More than 99% retailers function in less than 500 square feet of shopping space. Global retail consultants KSA Technopak have estimated that organized retailing in India is expected to touch Rs 35,000 crore in the year 2005-06. The Indian retail sector is estimated at around Rs 900,000 crore, of which the organized sector accounts for a mere 2 per cent indicating a huge potential market opportunity that is lying in the waiting for the consumer-savvy organized retailer. The average consumer today is richer, younger and more aspirational in his/her needs than ever before. Consumers now value convenience and choice at par with getting value for their hard-earned money. A range of modern retailers are attempting to serve the needs of the new Indian consumer. The last few years have witnessed an explosion of organised retail formats like supermarkets and hypermarkets in an otherwise fragmented Indian retail market.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT1704374

  Paper ID - 171053

  Page Number(s) - 2828-2831

  Pubished in - Volume 5 | Issue 4 | December 2017

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Gurjit Singh,   "RETAIL SCENE IN INDIA AND CHALLENGES", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.5, Issue 4, pp.2828-2831, December 2017, Available at :http://www.ijcrt.org/papers/IJCRT1704374.pdf

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ISSN: 2320-2882
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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