Of Commerce: School
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SCHOOL OF COMMERCE (DEVI AHILYA UNIVERSITY, INDORE)
“importance of retail in India”
Submitted TO:prof:- ANIL GORAY
Submitted By:CHAKRESH JAIN AKSHAY SARACH
INTRODUCTION
Which business considers every individual as a customer? Which business accounts less then 10%of the worldwide labor force and is still the single largest industry in most nations? What is common between wal-mart, and the small kirana stores that dot your neighbourhood? The answer is retaling, the last link in the chain of production, which begins at the extractive stages, moves
DEFINATION OF RETAIL According to Philip koter:-“Retailing includes all the the activates involved in selling goods or services to the final consumer for personal, nonbusiness use”
RETAILING IN INDIA Retail is India's largest industry; Retailing is one of the pillars of the economy in India and accounts for 35% of GDP. It accounts for over 10 per cent of the India's GDP and around eight per cent of the employment. Retail sector is one of India's fastest growing sectors with a 5 per cent compounded annual growth rate. India's huge middle class base and its untapped retail industry are key attractions for global retail giants planning to enter newer markets. Driven by changing lifestyles, strong income growth and favorable demographic patterns, Indian retail is expected to grow 25 per cent annually. It is expected that retail in India could be worth US$ 175-200 billion by 2016
RETAIL INDUSTRY Indian organized & unorganized Retail sector
RETAIL INDUSTRY
organized & unorganized IN GLOBLE Retail sector
THE ORGANIZED RETAILING
RETAIL INDUSTRY AND ECONOMY According to the Icier report, the retail business in India is estimated to grow at 13% from $322 billion in 2006-07 to expected to growth $427billion in 2010 and $627billion in 2015 Retail is India’s largest industry, accounting for over 10% of the countries GDP and around 8% employment.
INDIAN LARGEST RETAILER
SOURECE 2005 BW MARKET WHITE BOOK
TOP TEN WORLD’S RETAILER
SOURCE:- fortune ,July 2005
GROUTH OF SHOPPING MALL IN INDIA
Source image retail vol 5 sep 2006
MAJOR RETAILERS OF INDIA
RPG Retail-Formats Lifestyle International Pyramid Retail Aditya Birla Group
SCOPE OF RETAIL IN INDIA The critical activities that can be handled by it are finance and accenting business intelligence, vendor development and management supply chain management, merchandising and inventory management, facilities management stores management customer relationship management branding, marketing, sales promotion and H.R.M E-tailing FDI
CHALLENGE IN RETAIL SECTOR Retail not being recognized as an industry in India The high cost of real state Lack of adequate infrastructure Multiple and complex taxation system Non availability of aooropriate space Non availability of qualified man power Recourse of advertising Entry of competitors
BIBLIOGRAPHY
Retail management- “Swapna pradhan Retail managements- “ChetanBajaj & Rajneesh tulip Business world date 07/09/2008 Indian retail report 2005 P.NO11 Indian retail etate report 2007 ICICI annual service research. The economic times, 5/10/2007
wikipedia
ACKNOWLEDGEMENTS
Many professional in the field retail have provided information on various aspects of retailing. I regret that it would be impossible for me to acknowledge all of them. However a mention of the following .people has to be made their support, and their contributions
“importance of retail in India”
Submitted TO:prof:- ANIL GORAY
Submitted By:CHAKRESH JAIN AKSHAY SARACH
INTRODUCTION
Which business considers every individual as a customer? Which business accounts less then 10%of the worldwide labor force and is still the single largest industry in most nations? What is common between wal-mart, and the small kirana stores that dot your neighbourhood? The answer is retaling, the last link in the chain of production, which begins at the extractive stages, moves
DEFINATION OF RETAIL According to Philip koter:-“Retailing includes all the the activates involved in selling goods or services to the final consumer for personal, nonbusiness use”
RETAILING IN INDIA Retail is India's largest industry; Retailing is one of the pillars of the economy in India and accounts for 35% of GDP. It accounts for over 10 per cent of the India's GDP and around eight per cent of the employment. Retail sector is one of India's fastest growing sectors with a 5 per cent compounded annual growth rate. India's huge middle class base and its untapped retail industry are key attractions for global retail giants planning to enter newer markets. Driven by changing lifestyles, strong income growth and favorable demographic patterns, Indian retail is expected to grow 25 per cent annually. It is expected that retail in India could be worth US$ 175-200 billion by 2016
RETAIL INDUSTRY Indian organized & unorganized Retail sector
RETAIL INDUSTRY
organized & unorganized IN GLOBLE Retail sector
THE ORGANIZED RETAILING
RETAIL INDUSTRY AND ECONOMY According to the Icier report, the retail business in India is estimated to grow at 13% from $322 billion in 2006-07 to expected to growth $427billion in 2010 and $627billion in 2015 Retail is India’s largest industry, accounting for over 10% of the countries GDP and around 8% employment.
INDIAN LARGEST RETAILER
SOURECE 2005 BW MARKET WHITE BOOK
TOP TEN WORLD’S RETAILER
SOURCE:- fortune ,July 2005
GROUTH OF SHOPPING MALL IN INDIA
Source image retail vol 5 sep 2006
MAJOR RETAILERS OF INDIA
RPG Retail-Formats Lifestyle International Pyramid Retail Aditya Birla Group
SCOPE OF RETAIL IN INDIA The critical activities that can be handled by it are finance and accenting business intelligence, vendor development and management supply chain management, merchandising and inventory management, facilities management stores management customer relationship management branding, marketing, sales promotion and H.R.M E-tailing FDI
CHALLENGE IN RETAIL SECTOR Retail not being recognized as an industry in India The high cost of real state Lack of adequate infrastructure Multiple and complex taxation system Non availability of aooropriate space Non availability of qualified man power Recourse of advertising Entry of competitors
BIBLIOGRAPHY
Retail management- “Swapna pradhan Retail managements- “ChetanBajaj & Rajneesh tulip Business world date 07/09/2008 Indian retail report 2005 P.NO11 Indian retail etate report 2007 ICICI annual service research. The economic times, 5/10/2007
wikipedia
ACKNOWLEDGEMENTS
Many professional in the field retail have provided information on various aspects of retailing. I regret that it would be impossible for me to acknowledge all of them. However a mention of the following .people has to be made their support, and their contributions
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