TOC- Indian Retail

8/2/2019 TOC- Indian Retail

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INDUSTRY INSIGHT: INDIAN RETAIL INDUSTRY

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Tel: +91-40-23430203-05, Fax: +91-40-23430201,E-mail: [email protected] ; Website: www.cygnusindia.com Branches : Ahemdabade : 079-26404728/29/30/31 Bangalore : 080-41311229 Chennai : 044-42122168, 42122819 Hyderabad : 040-23430209 Kolkata : 033-22890642/43 Mumbai : 022-22870612/14 New Delhi : 011-41520651/52

T he report includesExecutive Summary,Introduction, Global RetailIndustry Scenario, IndianRetail Industry, Role of Indian Consumer InEvolving Retail Industry,Factors UnderlyingEvolution of Modern Retailin India, Organised RetailFormats, MallPhenomenon: The PossibleImplications, Food Retail InIndia, Apparel Retail In

India, Other RetailSegments, Technology,Growth Drivers of Organized Retailing, CriticalSuccess Factors, EmerginTrends In Indian Retailing,Legal And Regulatory Information, Issues &Challenges, Future Outlook

Total No. of Pages 191Total No. of Figures 44Total No. of Tables 56

Total No. of exhibits - 59

The retail industry is among the largest industries in India, accounting for over 10 percent of the countrys GDP and about 8 percent of theemployment in 2004. It has also emerged as one of the dynamic and fast-growing industries. According to the Global Retail Development Index 2005,India is the leading destination for retail investment.

The Industry Insight: Indian Retail Industry 2006 , introduced by Cygnus,provides the comprehensive industry analysis. The Industry Insight answersthe following key questions:

a. What is the Global Scenario major markets, & outlookb. How the industry is evolving in Indiac. The Current Scenario in organized and unorganized retaild. Different market segments of the industrye. Characteristics and Changing Trends in the Indian Consumer

behavior f. What is the role of technology in retail?g. What are the external factors and how do they affect the industry?

Companies analyzed/mentionedMajor Players in Food Retailing Food World, Trinethra, Apna Bazaar, big Bazaar Pantaloons, Margin Free,Subhiksha, Nilgiris, MTR

Major players in Apparel Retailing Pantaloon Retail (India) Limited, Shoppers Stop Limited, Trent Limited, MaduraGarments, Lifestyle International (Pvt) Limited, Piramyd Retail Limited,Provogue (India) Limited, Raymond Apparel Limited, Ebony Retail HoldingsLimited, Globus

Additional InformationThe report makes a Michael Porter analysis of discusses the FDI in detailcovering the restrictions, present scenario and strategies of Internationalplayers for Indian market. It presents a case study on Chinese retailing and gives an in- depth analysis of Why FDI is good for India? In the end,report gives Vision 2010.

This report is an insightful resource in identifying potential and opportunitiesin retail industry.

Who should buy the report?The report is a must buy for those who wish to enter in retailing or theexisting players to improve upon their strategies and retailing formats.

This report is suitable to individuals responsible for and interested in:a. Board and executive managementb. Business strategy / Business development

c. Retail Vertical Team in ITES BPO to understand the evolving industryd. Business school studentse. Consultantsf. Entrepreneurs

To place order Send your request to [email protected] or fax to 040 23430201


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3/12 Cygnus Business Consulting & Research 20061

I N D U S T R Y I N S I G H T

I N D I A N R E T A I L I N D U S T R Y - J a n u a r y

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INDUSTRY INSIGHT INDIAN RETAIL INDUSTRY

CONTENTS

1. Executive Summary................................................................................. 11

2. Introduction .......................................................................................... 16

3. Global Retail Industry Scenario................................................................ 18

3.1 Introduction .................................................................................................. 183.2 Current Market Scenario- Retail the biggest industry ........................................ 183.3 Consumer Demographic Trends...................................................................... 19

3.3.1 Changing Households..........................................................................................193.3.2 Changing Income ................................................................................................ 203.3.3 Aging Population ................................................................................................ 20

3.4 Major Markets .............................................................................................. 203.4.1 Unswerving: the US ............................................................................................. 203.4.2 Shining star of Europe: the UK..............................................................................213.4.3 Restructure of Germany........................................................................................223.4.4Revolution in Japan .............................................................................................. 23

3.5 Growth Drivers ............................................................................................. 233.5.1 GDP growth........................................................................................................233.5.2 Consumers desire for something unique ............................................................... 243.5.3 Increased spending on IT by Retailers....................................................................243.5.4 Online shopping..................................................................................................243.5.5 Looking east for growth........................................................................................25

3.6 Recent Trends and Developments.................................................................... 253.6.1 Radio Frequency Identification (RFID) technology ...................................................253.6.2 Consolidation and Global Expansion....................................................................25

3.6.3 Consumer trends ................................................................................................. 263.6.4 Augmented use of Smart cards.............................................................................263.6.5 Self Service ......................................................................................................... 26

3.7 Issues and Challenges.................................................................................... 263.7.1 Supply Chain Efficiency .......................................................................................273.7.2 Smart pricing ...................................................................................................... 273.7.3 Books and Records in smaller businesses...............................................................273.7.4 Shifting demographic trends.................................................................................27

3.8 Outlook........................................................................................................ 28

4. Indian Retail Industry .............................................................................. 29

4.1 Introduction .................................................................................................. 29 4.2 The Evolution of the Indian Retail Industry........................................................ 30 4.3 Number of Retailers ...................................................................................... 31 4.4 Ways to Categorize Retailers ......................................................................... 33

4.4.1 On the Basis of Target Markets Served.................................................................. 33 4.4.2 On the Basis of Products Carried ..........................................................................34 4.4.3 On the Basis of Pricing Strategy............................................................................34 4.4.4 On the Basis of Promotional Focus........................................................................ 35 4.4.5 On the Basis of Distribution Method...................................................................... 36 4.4.6 On the Basis of Service Level ................................................................................37





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4.4.7 On the Basis of Ownership Structure.....................................................................38 4.5 Industry Structure .......................................................................................... 39 4.6 Current Market Scenario................................................................................ 42

4.6.1 Unorganized Retail..............................................................................................43 4.6.2 Organized Retail................................................................................................. 43

4.7 Market Segments in Retailing ......................................................................... 46 4.7.1 Food retailing...................................................................................................... 46

4.7.2 Apparel retailing................................................................................................. 46 4.7.3 Household /Consumer durables retailing ..............................................................47 4.7.4 Indian Music and Books Retailing ......................................................................... 48

4.8 Michael Porter Analysis ................................................................................. 49

5. Role of Indian Consumer In Evoving Retail Industry .................................... 53

5.1 Characteristics of the Indian Consumer Behavior.............................................. 535.2 Changing Demographics: Young population with high disposable income......... 545.3 Rising income levels....................................................................................... 555.4 Consumption Growth now visible ................................................................... 575.5 Urban consumers shopping basket is changing............................................... 585.6 Increasing Awareness of Indian Consumers..................................................... 605.7 Changing Trends in the Indian Consumer Behaviour ........................................ 60

6. Factors Underlying Evolution of Modern Retail in India ............................... 62

6.1 Economic development .................................................................................. 626.2 Improvements in civic situation ....................................................................... 636.3 Changes in consumer needs, attitudes and behaviour ...................................... 63

7. Organised Retail Formats........................................................................ 64

7.1 Different Retail Formats across the World........................................................ 647.2 Retail Formats in India................................................................................... 67

7.2.1 Traditional retail formats ......................................................................................677.2.2 Modern Retail Formats Existing In India.................................................................69

7.3 Emerging Retailing Format: E-Tailing .............................................................. 717.3.1 E-tailing Why does it stand apart.......................................................................727.3.4 Conveniences looked for by consumers in E-tailing.................................................737.3.5 The Challenges of E-tailing...................................................................................747.3.6 Issues Concerning Modern Formats/ Organised Retailers....................................... 76

7.4 How to Increase the Power of Organised Retail ............................................... 777.5 Barriers to implementation ............................................................................. 78

8. Mall Phenomenon: The Possible Implications ............................................. 798.1 Issues to Be Addressed By Shopping Malls ...................................................... 79

8.1.1 Competition from unorganised sector Pricing and Perception ...............................798.1.2 Unrealistic Real Estate Pricing...............................................................................808.1.3 Lack of planned facilities ......................................................................................808.1.4 Lack of adequate parking facilities........................................................................818.1.5 Fit and Forget Attitude of Mall Developers ............................................................. 818.1.6 Inexperience in Mall Management........................................................................818.1.7 Need of Right type of Architectural Expertise and Design ....................................... 828.1.8 Broker Driven Leasing ..........................................................................................82





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8.2 Steps to Be Adopted By Shopping Malls to Ensure Success ............................... 828.2.1 Catchment Analysis ............................................................................................. 828.2.2 Right Component Mix ..........................................................................................83

9. Food Retail In India ................................................................................ 84

9.1 Evolution of Organized Food Retailing In India................................................ 849.2 Current Market Scenario................................................................................ 859.3 Characteristics of Organized Food Retail ........................................................ 87

9.3.1 Region wise Preferences exist among consumers....................................................877.3.2 Regional Players dominate in Food Retail ..............................................................879.3.3 Hurdles in going National....................................................................................88

9.4 Key Driver of Food Retail In India - Integration of Food Industry........................ 889.4.1 Increased government support..............................................................................899.4.2 Industry initiatives................................................................................................899.4.3 Emergence of new players ...................................................................................90

9.5 Major Players - Indias Top Food Retailers....................................................... 909.5.1 Food World ........................................................................................................ 909.5.2 Trinethra.............................................................................................................91

9.5.3 Apna Bazaar ...................................................................................................... 929.5.4 Big Bazaar Pantaloons......................................................................................929.5.5 Margin Free........................................................................................................929.5.6 Subhiksha...........................................................................................................929.5.7 Nilgiris ...............................................................................................................939.5.8 MTR ...................................................................................................................93

9.6 Regulatory Issues in Organized Food Retailing ................................................ 949.6.1 Government Policy on Food Retailing - India .........................................................949.6.2 Food Safety Issues ............................................................................................... 949.6.3 Food Labelling In India with Special Reference to Codex Guidelines........................95

9.7 Emerging Trends........................................................................................... 969.7.1 Likely Transformation of the Supply Chain .............................................................969.7.2 Changing Supplier Retailer Relationships...............................................................979.7.3 Innovations in Transportation Logistics...................................................................989.7.4 Developing Social Trends.....................................................................................989.7.5 Increasing Impact of Technology...........................................................................99

9.8 Challenges of Organized Food retailing ....................................................... 1009.9 Outlook of Food Retailing ............................................................................ 100

10. Apparel Retail In India ........................................................................ 102

10.1 Introduction .............................................................................................. 10210.2 Current Market Scenario............................................................................ 102

10.2.1 Development of Indias branded market ............................................................ 10310.2.2 Market segmentation .......................................................................................10510.2.3 Mens Apparel Market......................................................................................10510.2.4 Women Apparel Market ..................................................................................10510.2.5 Kids/Children Apparel Market .........................................................................106

10.3 Major Players ........................................................................................... 10610.3.1 Pantaloon Retail (India) Limited.........................................................................10610.3.2 Shoppers Stop Limited.....................................................................................11010.3.3 Trent Limited....................................................................................................11210.3.4 Madura Garments...........................................................................................114





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10.3.5 Lifestyle International (Pvt) Limited ..................................................................... 11610.3.6 Piramyd Retail Limited......................................................................................11710.3.7 Provogue (India) Limited...................................................................................12110.3.8 Raymond Apparel Limited................................................................................12510.3.9 Ebony Retail Holdings Limited...........................................................................12610.3.10 Globus ......................................................................................................... 128

10.4 Recent Trends and Developments................................................................ 129

10.4.1 Emerging large format stores in India................................................................12910.4.2 Preference for RTW garments ........................................................................... 12910.4.3 Focus on technology to reduce cost and improve efficiency.................................13010.4.4 Growth of Private Label....................................................................................130

10.5 Outlook.................................................................................................... 13010.5.1 Apparel exports to grow post quota removal .....................................................13010.5.2 Implementation of VAT to reduce cost and complexity ........................................ 13110.5.3 Huge growth potential .....................................................................................131

11. Other Retail Segments......................................................................... 132

11.1 Health and beauty products retailers........................................................... 132

11.2 Home furniture and household goods retailers............................................. 13211.3 Durable goods retailers ............................................................................. 13211.4 Leisure and personal goods retailers........................................................... 13211.5 Alternative selling channels ........................................................................ 133

12. Technology........................................................................................ 134

12.1 Role of Technology in Retail ....................................................................... 13412.2 Supply Chain Management........................................................................ 134

12.2.1 European Article Numbering............................................................................13412.2.2 Efficient Consumer Response ............................................................................135

12.3 Logistics Management ............................................................................... 13612.4 Inventory Management .............................................................................. 13712.5 Emerging Technologies.............................................................................. 137

12.5.1 CRM...............................................................................................................13712.5.2 OLAP..............................................................................................................13812.5.3 Systems Analysis and Program (SAP)................................................................13812.5.4 Radio Frequency Identification (RFID) ................................................................138

13. Growth Drivers of Organized Retailing................................................. 140

13.1 Media Proliferation ................................................................................... 14013.2 Availability of quality real estate & Mall Management practices.................... 14013.3 Availability of brands and merchandise...................................................... 14313.4 Enhanced Funding Options........................................................................ 14313.5 Implementation of VAT to reduce cost and complexity .................................. 14313.6 Changing Demographic profile .................................................................. 14313.7 Changing lifestyles .................................................................................... 14413.8 Exposure to international trends ................................................................. 144

13.8.1 Domestic outbound tourists raised aspirations .................................................14413.8.2 Impact of globalization ....................................................................................14513.8.3 Inbound tourists, shopping ............................................................................... 145





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14. Critical Success Factors ....................................................................... 146

14.1 Location ................................................................................................... 14614.2 Merchandise............................................................................................. 14714.3 Knowledge and Information....................................................................... 14714.4 Customer Satisfaction ................................................................................ 14714.5 Ability to Acquire the Right Products ........................................................... 148

14.6 Product Presentation / Placement ............................................................... 14814.7 Traffic Building.......................................................................................... 14814.8 Layout ...................................................................................................... 14814.9 Keeping Pace with Technology ................................................................... 149

15. Emerging Trends In Indian Retailing ..................................................... 150

15.1 Unorganized retailing is getting organized ................................................. 15015.2 Increased Focus of Global Players on Sourcing from India............................ 15015.3 Forward integration / Alternative channels ................................................. 15115.4 Rapid expansion and format migration....................................................... 15115.5 Creative Store Designs............................................................................... 15215.6 Convenience stores at gas stations.............................................................. 15315.7 Introduction of In-Flight Retailing by Airlines................................................ 153

16. Legal And Regulatory Information ........................................................ 154

16.1 Regulations and Policies ............................................................................ 15416.1.1 Shops and Establishments Acts ......................................................................... 15416.1.2 In respect of goods/products............................................................................15416.1.3 Fiscal Regulations ............................................................................................ 15516.1.4 Value Added Tax ............................................................................................ 15516.1.5 Employment Related Regulations.......................................................................155

16.1.6 Contract Labour (Regulation and Abolition) Act .................................................15516.1.7 Foreign Investment Regulations ......................................................................... 15616.1.8 Other Regulations............................................................................................156

16.2 Government Support To The Retail Industry ................................................. 15716.3 FDI in Retail .............................................................................................. 157

16.3.1 Restrictions on FDI ...........................................................................................15716.3.2 Present Scenario..............................................................................................15816.3.3 Strategies of international retailers ....................................................................15916.3.4 FDI in retail Required or Not? ........................................................................ 15916.3.5 Foreign Retailers Eying India ............................................................................ 16316.3.6 Case Study: Chinese Retailing ......................................................................... 16416.3.7 In-Depth Analysis Why Fdi Is Good For India .................................................16616.3.8 Recommendations ........................................................................................... 16816.3.9 Conclusion......................................................................................................169

17. Issues & Challenges ............................................................................ 170

17.1 No industry status ..................................................................................... 17017.2 Gaps in the Retail Sector............................................................................ 17117.3 Limitations due to Land and property Laws .................................................. 17217.4 Limitations due to stringent Labour laws ...................................................... 17217.5 Other Regulatory Disadvantages ................................................................ 173





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17.6 Lack of basic & secondary infrastructure ..................................................... 17417.7 Non Availability of Quality Real estate at prime locations............................. 17417.8 Extensive distribution network..................................................................... 17517.9 Supply chain issues ................................................................................... 17517.10 Revenue considerations ........................................................................... 17517.11 Economies of trade.................................................................................. 17617.12 Managing channel conflicts ..................................................................... 17617.13 Non Availability of skilled manpower ....................................................... 17717.14 Differentiation and Reach ........................................................................ 17717.15 Growth in non-Metros ............................................................................. 17717.16 Differences between urban-rural consumers .............................................. 17817.17 Disadvantages of India as a country......................................................... 178

18. Future Outlook ................................................................................... 179

18.1 Vision 2010 ............................................................................................. 17918.1.1 Investment will increase....................................................................................18018.1.2 Changing Consumer Demographics will affect Retail Sales .................................180

18.1.3 Regional differences will stay............................................................................18118.1.4 Retailers would adapt more than one format......................................................18118.1.5 Dual focus on costs and time ............................................................................ 18218.1.6 24 hours of retailing ......................................................................................18218.1.7 Small retailers will coexist.................................................................................18218.1.8 Supply chain dynamics ....................................................................................18318.1.9 Internet ........................................................................................................... 183

Annexure I. Business Models In India.......................................................... 184

Annexure II: Major Players In Apparel 2004 - 05 ..................................... 185





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LIST OF FIGURESFigure 1: Organized Vs Traditional Retailing (2004)Figure 2: Global Retail Sales Vs % Change (2000-2004)Figure 3: Retail Sales in US (1998-2004)

Figure 4: Retail Sales in UK (1998-2004)Figure 5: Retail Sales in Germany (1998-2004)Figure 6: Retail Sales in Japan (1998-2004)Figure 7: Retail Sales Vs Retail Sales/GDP (2004)Figure 8: The different phases in growth of organized retailFigure 9: Fragmented nature of Indian RetailFigure 10: Retail Market Size 2002Figure 11: Rural Versus Urban, the differenceFigure 12: Indian Retail Market DistributionsFigure 13: Transformation of the Retail Sector across the worldFigure 14: Percent Contribution of different categories to organized retail

Figure 15: Contribution of food in the total spend in consumersFigure 16: Growth among different segments in RetailFigure 17: No. of Consumer durable stores in IndiaFigure 18: No. of Consumer durable stores in IndiaFigure 19: No. of Book & Music Stores in IndiaFigure 20: Porters Five Forces Model of Industry AnalysisFigure 21: Changing Age Demographics of IndiaFigure 22: All India Distribution of households by income (Rs per annum)Figure 23: Urban India Distribution of households by income (Rs per annum)Figure 24: Private final consumption in India in FY 04Figure 25: Indian Food Retail Industry Market Size (2000-2004)Figure 26: Indian Food Retail Industry Market Segments Contribution in 2004Figure 27: Literacy Rate & working women populationFigure 28: Indian Apparel Market size (2000-2004)Figure 29: Growth of Indian Apparel Market (2000-2004)Figure 30: Share of Branded Market (2004)Figure 31:Consumer expenditure in Apparel Segment (1999-2003)Figure 32: Indian Apparel Market SegmentationFigure 33:No. of retail outlets (2000-2005)Figure 34: ECR ModelFigure 35: Evolution of Real Estate in Retail Sector in India

Figure 36: Operational Malls/Shopping Centres as on 31 August 2005Figure 37: Current and projected mall space by end-2007Figure 38: Median Age in YearsFigure 39: Evolution of Critical Success Factors in retailFigure 40: Common Layouts in SupermarketsFigure 41: Share of Organized Retail in FMCG salesFigure 42: Benefits to the governmentFigure 43: Total wholesale & retail trade in ChinaFigure 44: Employment in Retailing in China





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LIST OF TABLESTable 1: Top four players in the US by revenue in 2004Table 2: The top four players in the UK by revenue in 2005

Table 3: The top four players in Germany by revenue in 2004Table 4: Top four players in the Germany by revenue in 2004Table 5: GDP Average Annual Growth (2004 2008)Table 6: Some interesting facts on RetailTable 7: No. of Retail stores in IndiaTable 8: Organized retail is restricted to the top few cities of the countryTable 9: Market size Organized Retail (1999 2005)Table 10: Country Profile IndiaTable 11: Evolving Consumer expectationsTable 12: Age distribution in India 2005Table 13: Distribution among the Consumer Shopping Basket (%)Table 14: Hot Categories among Consumers in 03-04Table 15: Foreign Brands are popular in these categoriesTable 16: Factors underlying modernization in retailingTable 17: Retail Formats - Summary ChartTable 18: Traditional retail formatsTable 19: Evolving Size of Different Retail FormatsTable 20: Modern Retail Formats in India Summary ChartTable 21: Critical Success Factors for E- tailTable 22: Bottlenecks in E-tailingTable 23: Advantages of E-tailing

Table 24: India Food Retail Market ValueTable 25: Money Spending Priorities across RegionsTable 26: Regional dominance in Food RetailTable 27: Major Players in Food RetailTable 28: Product and Services PRILTable 29: The Business Brands - PRILTable 30: Upcoming Stores PRILTable 31: Products Shoppers stopTable 32: Services Shoppers stopTable 33: The Business Brands Shoppers stopTable 34: Store Area Shoppers stopTable 35: Upcoming Stores Shoppers stopTable 36: Product mix of Westside storeTable 37: Product mix of Star India BazaarTable 38: Gross Margin - TrentTable 39: Upcoming Stores TrentTable 40: Retail outlets - LifestyleTable 41: The Business Brands - PiramydTable 42: Private Labels PiramydTable 43: Retail outlets - Ebony





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Table 44: Current development of malls in the Tier 1 & Tier 2 CitiesTable 45: India Real State Development by 2006-07Table 46: Loyalty programmes in RetailTable 47: Formats adopted by key playersTable48: New Formats being experimented currentlyTable 49: Initiatives taken by Government of India for Indian Retail IndustryTable50: State of Organized Retailing in South-East Asian CountriesTable 51: International Retailers with presence in IndiaTable 52: Case in Point - Food WorldTable 53: International Retailers Eying IndiaTable 54: Development of Organized Retail Formats in ChinaTable 55: Comparison between China and India in terms of International Players OutletsTable 56: Benefits and Impact on the Country

LIST OF EXHIBITSExhibit 1: The key issues faced by global retailersExhibit 2: Key forecasts on Global RetailingExhibit 3: Classification of Retailers based on target market servedExhibit 4: Classification based on products carriedExhibit 5: Classification based on pricing strategyExhibit 6: Classification based on promotional selling focusExhibit 7: Classification based on Distribution MethodExhibit 8: Classification based on the basis of service levelExhibit 9: Classification based on the basis of ownership structureExhibit 10: Nature of Indian Retail Industry

Exhibit 11: Implications of economic boomExhibit 12: Concerns on growth of RetailExhibit 13: Things to look for in E-tailingExhibit 14: Factors Influencing E-tailingExhibit 15: Two primary cost-related forces that drive profitability in the eWorldExhibit 16: Challenges before modern formatsExhibit 17: Shops closed due to inability to cope with the commercial stressExhibit 18: Factors adding to mall stressExhibit 19: Pace of Organized Retailing hampered by the following factorsExhibit 20: Food consumption evolutionary patternExhibit 21: Retail Models in India: Current & EmergingExhibit 22: Hurdles in going NationalExhibit 23: Fiscal relief and incentives by GovernmentExhibit 24: Industry InitiativeExhibit 25: Limitations due to Laws and regulations on RetailingExhibit 26: Emerging TechnologiesExhibit 27: Obstructions in path of organized Food RetailingExhibit 28: Growth drivers for apparel retail sectorExhibit 29: The Indian apparel market is classified into two main categoriesExhibit 31: Pantaloon Retail (India) limited


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Exhibit 32: Shoppers StopExhibit 33: Trent limitedExhibit 34: Madura GarmentsExhibit 35: Lifestyle International (Pvt) LimitedExhibit 36: Piramyd Retail LimitedExhibit 37: Provogue (India) LimitedExhibit 38: Raymond Apparel limitedExhibit 39: Ebony Retail holdings limitedExhibit 40: GlobusExhibit 41: Increasing demand for white shirtsExhibit 42: Westside was the first to recognize the advantage of private labels in 2004Exhibit 43: Key factors that will drive growth of organized retailingExhibit 44: Technology affects top line performance of retail industry throughExhibit 45: ECRExhibit 46: Trends that will shape the future of IT in the area of logisticsExhibit 47: An efficient ERP system helps the retailer inExhibit 48: RFID applications

Exhibit 49: Benefits of implementing SAPExhibit 50: Benefits by adopting RFIDExhibit 51: Latest technologies in RetailExhibit 52: Case in Point MusicWorldExhibit 53: Shop & Establishments ActsExhibit 54: Local & Municipal RegulationsExhibit 56: Benefits to Retail sector due to industry statusExhibit 57: Gaps in the Retail SectorExhibit 58: Limitations due to Land and property LawsExhibit 59: Limitations due to stringent Labour laws

TOC- Indian Retail

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