Retail Industry

CHAPTER 1 INTRODUCTION 1.1. INDUSTRY PROFILE Retail Industry Retailing is one of the pillars of the sparing in India and accounts for 35% of GDP. The sell industry is divided into organized and unorganized sectors. Over 12 million outlets operate in the country and only 4% of them being larger than viosterol sq ft (46 m2) in size. Organized retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate-backed hyper marketplaces and retail chains, and also the privately owned large retail businesses. uncoordinated retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, the local kirana shops, proprietor manned general stores, paan/beedi shops, convenience stores, hand cart and paving vendors, etc. Most Indian shopping takes place in impart markets and millions of independent grocery shops called kirana. Organized retail such supermarkets accounts for average 4% of the market as of 2008.[3] Regulations prevent most remote investment in retailing. Moreover, over thirty regulations such as signboard licenses and anti-hoarding measures may have to be complied before a store can open doors. There are taxes for pitiful goods to states, from states, and even within states.

The Indian Retail Market Indian market has high complexities in terms of a wide geographical spread and distinct consumer preferences varying by each office necessitating a need for localization even within the geographic zones. India has highest number of outlets per person (7 per thousand) Indian retail space per capita at 2 sq ft (0.19 m2)/ person is lowest in the realness Indian retail density of 6 percent is highest in the world.[9] 1.8 million households in India have an annual income of over 45 lakhs. Delving further into consumer buying habits, purchase decisions can be illogical into two categories: status-oriented and indulgence-oriented. CTVs/LCDs,... If you want to get a full essay, roll it on our website: Orderessay

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