Академический Документы
Профессиональный Документы
Культура Документы
and only 4% of them being larger than 500 square feet in size. Although retailing in India is fairly fragmented, organized retailing is gaining momentum rapidly growing at almost 25-30% per annum and is forecasted to touch a figure of Rs I,50,000 crore by 2010. The economy is projected to grow at 8.1% in 2005-2006 having grown at a steady pace of around 6% over the last 10 years.
Retailing in India
Global Retail Industry
Evolution of Retailing :
Evolution of Retailing Important Stores opened in the Q4 FY 06
lowest in the world. Given the size, and the geographical, cultural and socio-economic diversity of India, there is no role model for Indian suppliers and retails to adapt or expand in the Indian context. Hence Indian retailers have to find a suitable model and adopt it to the Indian context. Indian Retail Scenario At A Glance Indias first true shopping mall complete with food courts, recreation facilities and large car parking space was inaugurated as lately as in 1999 in Mumbai. (This mall is called Crossroads). An FDI Confidence Index survey done by AT Kearney, showed that the retail industry is one of the most attractive sectors for FDI (foreign direct investment) in India and if allowed, foreign retail chains would make a great impact on Indian retailing. In India still, more than 60% sales in retail comes from food items only.
Opening the door partly 51% FDI permitted to Single Brand Retail :
Opening the door partly 51% FDI permitted to Single Brand Retail The most significant development in regulatory aspects influencing the Indian retail industry is the governments decision to allow foreign direct investment (FDI) up to 51% in retail outlets meant exclusively for single brands. Previously single brands had to enter India only through joint ventures or the franchisee route. Now brands can enter with a majority stake of 51% along with a local partner. This definitely gives the international brands more space to play ground.