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Q: Who is the person in India known as the father of modern Indian retail trade?
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What is the history of retail industry?

India retail industry is the largest industry in India, with an employment of around 8% and contributing to over 10% of the country's GDP. Retail industry in India is expected to rise 25% yearly being driven by strong income growth, changing lifestyles, and favorable demographic patterns. It is expected that by 2016 modern retail industry in India will be worth US$ 175- 200 billion. India retail industry is one of the fastest growing industries with revenue expected in 2007 to amount US$ 320 billion and is increasing at a rate of 5% yearly. A further increase of 7-8% is expected in the industry of retail in India by growth in consumerism in urban areas, rising incomes, and a steep rise in rural consumption. It has further been predicted that the retailing industry in India will amount to US$ 21.5 billion by 2010 from the current size of US$ 7.5 billion. Shopping in India has witnessed a revolution with the change in the consumer buying behavior and the whole format of shopping also altering. Industry of retail in India which has become modern can be seen from the fact that there are multi- stored malls, huge shopping centers, and sprawling complexes which offer food, shopping, and entertainment all under the same roof. India retail industry is expanding itself most aggressively; as a result a great demand for real estate is being created. Indian retailers preferred means of expansion is to expand to other regions and to increase the number of their outlets in a city. It is expected that by 2010, India may have 600 new shopping centers. In the Indian retailing industry, food is the most dominating sector and is growing at a rate of 9% annually. The branded food industry is trying to enter the India retail industry and convert Indian consumers to branded food. Since at present 60% of the Indian grocery basket consists of non- branded items. India retail industry is progressing well and for this to continue retailers as well as the Indian government will have to make a combined effort. India Shopping Malls ü Scope of the Indian Retail Market ü Indian Organized Retail Market ü Growth Factors in Indian Organized Retail sector ü Opportunities in Indian Organized Retail sector ü Challenges facing the Indian Organized Retail sector ü Role of Supply Chain in Indian Organized Retail ü Employment Generation by Indian Organized Retail Sector ü Indian Organized Retail Sector's Impact on Lifestyles ü Emerging Trends in Indian Organized Retail Sector ü Growth of Retail Companies in India ü Evolution of Indian Retail ü FDI in Indian Organized Retail Sector Formats in Indian Organized Retail Sector


What is the market share of Bombay dyeing?

As per market info, they command 50% of the Indian Organized Retail Market share and growing at about 20% per annum.


What was the original retail price of final fantasy vii when it released in 1997?

The RRP of Final Fantasy VII was approx. £30 because my father got me it the day it came out :D XD


How much do you get selling red dead redemption?

Depends on whether you sell it to a Game Store or another person. If you choose to sell it to another person, you could set an amount you wish to receive for it (keep in mind, your best deals are if you keep the cost below the original retail price). If you sell it to a Game Store, they may buy it back from you at retail price or at a somewhat lower price.


What is the percentage of organised and unorganised retail in India?

what is the percentage of organised oan unorganised retail in india

Related questions

What is the history of retail industry?

India retail industry is the largest industry in India, with an employment of around 8% and contributing to over 10% of the country's GDP. Retail industry in India is expected to rise 25% yearly being driven by strong income growth, changing lifestyles, and favorable demographic patterns. It is expected that by 2016 modern retail industry in India will be worth US$ 175- 200 billion. India retail industry is one of the fastest growing industries with revenue expected in 2007 to amount US$ 320 billion and is increasing at a rate of 5% yearly. A further increase of 7-8% is expected in the industry of retail in India by growth in consumerism in urban areas, rising incomes, and a steep rise in rural consumption. It has further been predicted that the retailing industry in India will amount to US$ 21.5 billion by 2010 from the current size of US$ 7.5 billion. Shopping in India has witnessed a revolution with the change in the consumer buying behavior and the whole format of shopping also altering. Industry of retail in India which has become modern can be seen from the fact that there are multi- stored malls, huge shopping centers, and sprawling complexes which offer food, shopping, and entertainment all under the same roof. India retail industry is expanding itself most aggressively; as a result a great demand for real estate is being created. Indian retailers preferred means of expansion is to expand to other regions and to increase the number of their outlets in a city. It is expected that by 2010, India may have 600 new shopping centers. In the Indian retailing industry, food is the most dominating sector and is growing at a rate of 9% annually. The branded food industry is trying to enter the India retail industry and convert Indian consumers to branded food. Since at present 60% of the Indian grocery basket consists of non- branded items. India retail industry is progressing well and for this to continue retailers as well as the Indian government will have to make a combined effort. India Shopping Malls ü Scope of the Indian Retail Market ü Indian Organized Retail Market ü Growth Factors in Indian Organized Retail sector ü Opportunities in Indian Organized Retail sector ü Challenges facing the Indian Organized Retail sector ü Role of Supply Chain in Indian Organized Retail ü Employment Generation by Indian Organized Retail Sector ü Indian Organized Retail Sector's Impact on Lifestyles ü Emerging Trends in Indian Organized Retail Sector ü Growth of Retail Companies in India ü Evolution of Indian Retail ü FDI in Indian Organized Retail Sector Formats in Indian Organized Retail Sector


What skills are needed to work in the retail industry?

while you want to work in retail sector first of all first thing require:- 1.a person should flexible regarding time. 2.he should have good knowledge of product either Indian &international. 3.he should have any degree related to retail.


What is the value of 1884 Indian cent vg?

Retail list is $4.00


Why is Indian retail industry so inviting?

The Indian retail industry has become so inviting because there has been an increase in disposable incomes in India. The middle and upper classes are now able to purchase more goods from retailers in India.


What is a Retail Sales Associate?

A sales clerk. Person who works on a sales floor of a retail store.


What is retail sale?

Sales clerk. Person who works on a sales floor of a retail store.


What is a person who buys and sells retail?

Consumer


What is meat merchandiser?

Retail, such a person is a butcher


Who is the most important person in retail?

The customer.


Where is a retail store that sells Father Johns medicine?

Where is a retsil store in st.louis tjat sells father johns medicine


Explain modern trade in retail trade?

retail trade is the trade that involves buying of goods in small quantities and sell them in lage quantities.simon.m.m


What do you feel you would enjoy about working in a retail electronics sales environment?

information technology is the modern technology , i would like to retail electronics