Kaur, Sarbjeet and Gayal, Munish
Growth and Development of Retail Industry in India with Special Reference to Organized Retail Sector - Abhigyan: Management Journal from Fore - 40(4), Jan-Mar, 2023: p.3-10
India has achieved a remarkable ranking in the global retail sector. India has high growth & market potential and low economic risk as compared to its global peers which has made our country the 5th global destination in the world. So, this sector has become a major contributor in the development of the Indian economy. Indian retail industry has shown a growing trend from US$ 641 billion in 2016 and is expected to further grow over the 10 years to US$ 1600 billion in 2026 (FICCI) but due to the pandemic COVID-19, Indian retailer’s confidence has sunk to a low. This sector has continued to experience a severe hit in its sales. But, we should also look into future opportunities such as relaxed FDI norms and increasing disposable income of consumers. On the basis of such opportunities, the retail sector is expected to recover. The paper thus focuses on the present scenario of retail industry, especially in India. – Reproduced
Covid-19, Retail industry, Scenario, Organized sector, Unorganized sector, Global retail sector.
Growth and Development of Retail Industry in India with Special Reference to Organized Retail Sector - Abhigyan: Management Journal from Fore - 40(4), Jan-Mar, 2023: p.3-10
India has achieved a remarkable ranking in the global retail sector. India has high growth & market potential and low economic risk as compared to its global peers which has made our country the 5th global destination in the world. So, this sector has become a major contributor in the development of the Indian economy. Indian retail industry has shown a growing trend from US$ 641 billion in 2016 and is expected to further grow over the 10 years to US$ 1600 billion in 2026 (FICCI) but due to the pandemic COVID-19, Indian retailer’s confidence has sunk to a low. This sector has continued to experience a severe hit in its sales. But, we should also look into future opportunities such as relaxed FDI norms and increasing disposable income of consumers. On the basis of such opportunities, the retail sector is expected to recover. The paper thus focuses on the present scenario of retail industry, especially in India. – Reproduced
Covid-19, Retail industry, Scenario, Organized sector, Unorganized sector, Global retail sector.