Global Overview & Prospects of Retailing in India

Made By:Dhrumil ShahSYBBARoll No. 311Global Overview & Prospects of Retailing in India

Global OverviewRetail Industry is the 5th largest industry in the world.The market is forecast to reach an estimated $20,002 billion by 2017 .As developed nations begin to emerge from recession, their economies recover, and unemployment rates begin to fall, the market segments are experiencing some renewed growth.There is a lot of growth estimated in this sector globally and the highest in Asia. Asia might take up 35% share of global retail sector.25 out of the top 50 Fortune 500 Companies are into Retail Sector.

Evolution of Retailing in India

Retailing in IndiaRetailers adopting 3vs: Value, Variety & Volume.Newspaper(Business Line, Supplement- Catalyst) cutting showing the Indian Retail Scenario:

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Prospects of Retailing in IndiaAs the per capita income is increasing, the purchasing power of the people is also increasing and, hence, the future of Retail Sector seems to be promising.Retailing in India provides employment to more than 18 million people.1 out of every 25 families is engaged with the Retail Industry.

Prospects of Retailing in IndiaAccording to the Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail.E-Commerce is taking a boost in the current position and is expected to rise with a significant increase.Retail sector will take up the top position with the entry of, the retail giant, Wal-Mart.