2. Global Overview
Retail 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.
3. Evolution of Retailing in India
Barter
System
Hawkers
Kirana
Stores
Small &
Speciality
Stores
Single
Brand
Franchisee
Malls
4. Retailing in India
Retailers adopting 3v’s: Value, Variety & Volume.
Newspaper(Business Line, Supplement- Catalyst)
cutting showing the Indian Retail Scenario:
5. Prospects of Retailing in India
As 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.
6. Prospects of Retailing in India
According 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.