Popular articles
RNCOS Research - Indian Urban Retailing: A Promising FutureRetail is India’s largest source of employment after agriculture, having the deepest penetration in urban India. More than 18 million people employed in the retail sector that contributes 10% to the nation’s GDP.
Presently the Indian retail industry is on the verge of a revolution! There are nearly 12.5 million retail outlets in India; the highest number of retail outlets per capita in the world. Retailing, evaluated at $180 billion is still evolving and the sector is witnessing a series of experiments across the country with new formats being tested out; and old ones being discarded.
Market liberalization and an increasingly assertive consumer population have attracted bigger Indian and multinational operators on to the scene who have made large investments but are yet to achieve success or reach a break-even. The retailing industry seems poised for a significant growth in the coming years owing to liberalization brought in by the foreign direct investment ( FDI ).
The retail sector in India is undergoing a huge transition, with traditional markets making way for hypermarkets, supermarkets and western-style malls in metros and second-rung cities. The traditional retail stores in India are mostly unorganized, small individually owned businesses with normal outlet sizes being 50 Sq. Feet.
The key drivers of India’s retail industry are a number of structural, social and demographic and macro-economic factors. These are:
1. Rising income levels
2. A large segment of young population
3. Nuclear family structure
4. Growing literacy
5. A rapidly expanding middle class
6. Increasing number of working women
7. Growing urbanization increasing media penetration and
8. Exposure to international brands
The latest market research report by RNCOS titled “Indian Organized Retail Industry ( 2005-2007 )” gives a detailed summary of the Indian retail sector, highlighting the supportive policies and regulations of the government.
The report includes insights based on behavioral pattern, preferences and expenditure capacity of Indian consumers. Discussing the evolution of the retail store markets in India and the report outlines the opportunities available for companies in this sector in the future, based on official statistics.
The report also sheds light on the economic growth of the Indian retail industry, along with market size and growth by segments, and market forecasts till 2007. The report discusses the different growth prospects and issues related to the industry. It provides the company analysis of the major retailers and their growth strategies.
About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
To purchase your copy: http://www.rncos.com/Report/CP15.htm
For more information about the report please visit www.rncos.com
###
RNCOS
Shushmul Maheshwari
Head of Business Development Manager
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com
--------------------------------------------------------------------------------------------------
Alba Spectrum popular articles series: FAQ, Reviews, Introductions, Product Selections,
Advises, Definitions, online marketing
We are serving wholesale & retail customers in
Illinois, California, Texas, Wisconsin, New York, Washington, Ohio, Michigan,
Indiana, Arizona, New Mexico, Louisiana, Florida, Georgia, Minnesota, Utah, Virginia, Georgia, Hawaii,
Iowa, Colorado, Ontario, Quebec, Alberta, British Columbia. We also serve customer
internationally in New Zealand, Europe: UK, France, Poland, Italy, Germany, Russia, India, Byrma, Thailand, Holland, Denmark, Sweden, Norway, Indonesia, Austria, New Zealand, Pakistan, Afghanistan, Iran, Spain, Argentina, Brazil, Chile, Uruguay, Paraguay, Peru, Equador, Colombia, Venezuela, Panama, Costa Rica, Canada, South Africa, Nigeria,
Portugal, Greece, Turkey, Asia: India, China, Philippines, South Korea, plus business metros: Chicago, Los Angeles, Phoenix, Boston, Atlanta, Minneapolis, Fargo, Seattle, Miami, Orlando, Detroit, Buffalo, Toronto, Paris, London, Montreal, Denver, Warsaw, Berlin, Prague, Rome, Karachi, Sao Paulo, Rio de Janeiro, Moscow, Buenos Aires, Dehli, Mumbai, Beigin, Cairo, San Francisco, Fremont, Naperville, Oakland, Mellburn, Sidney, Sent Petersburg, Tampa, New Orleans, Houston, Dallas, Mexico City, Bogota, Caracas, Lima, Salvador, Recife, Sao Paulo, Rio de Janeiro, Brasilia, Curitiba, Goiania. http://www.albaspectrum.com