International Journal of Financial Management and Economics
Vol. 4, Issue 1 (2021)
A study on the growth and transformation of the retail sector in India
Dr. Abhishek Kumar Singh
Retail Industry in India is the 5th biggest on the planet. Containing coordinated and disorderly areas, Indian retail industry is one of the quickest developing businesses in India, particularly in the course of the most recent couple of years. Despite the fact that at first the retail business in India was generally disorderly, anyway with the difference in taste and inclinations of purchasers, the Industry is getting more famous nowadays and getting coordinated too. The Indian Retail Industry is relied upon to develop from US$330 billion to US$640 billion. As indicated by the tenth Annual Global Retail Development Index (GRDI) of A.T. Kearney, India is having a solid development major base that is the reason it's the ideal chance to go into Indian Retail Market. Indian Retail Market represents 22% of nation's GDP and it adds to 8% of the absolute business. The complete retail spending is assessed to twofold in the following five years. Of this, coordinated retail – right now developing at a CAGR of 22% is assessed to be 21% of absolute consumption. The disorderly retail area is relied upon to develop at about 10% per annum with deals expected to ascend from $309 billion to $496 billion. This paper zeroed in on changing face of Retail Industry, coordinated or disorderly retail industry, significant parts in retail industry and furthermore features the difficulties looked by the business in not so distant future.