Retail Industry in India

1
THE GROWTH OF RETAIL INDUSTRY IN
INDIA Traditionally retailing in India can be
traced to the emergence of the neighborhood
kirana stores catering to the convenience of the
consumers. However, the concept of retail and
the idea of shopping has undergone a dramatic
change in terms of the platform and consumer buyi
ng behavior. The retail sector developed as one
of the most dynamic and fast-paced industries
due to the entry of several new players. It
accounts for over 10 of the countrys Gross
Domestic Product (GDP) and around 8 of the
employment. If we have to name one of the
rapidly growing sectors then retail industry in
India has seen very good progress in the past
two years.
2
GROWING PREFERENCES OF CONSUMERS Primarily, this
sector was shambolic, but nowadays with the
growing preferences of consumers, the sector is
becoming one of the organized sectors in India.
Retail business referred as an process where
consumable goods are sold to people known as
consumers for the settlement of their needs and
wants. Retail Company in India is continued
through multiple channels of distribution to earn
profits and run basic livelihood. The top retail
company in India is basically are shops who
settle the needs and wants of a consumer by
supplying small orders or products to a large
number of individuals from shops or marts.
Operating different types of retailing shops
from different places is ancient business
practice. Today, consumers are happy to shop
different products under one roof which is an
easy and convenient process of retailing
business.
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