Retail Industry In India

• The Indian retail industry has emerged as one of the most dynamic and fast-
growing industries due to the entry of several new players in the recent times
along with rising income levels, growing aspirations, favourable demographics
and easy credit availability.
• It constitutes over 10% of the country’s Gross Domestic Product (GDP) and
around 8% of the employment and is valued at USD 672 billion.
• Globally, India is fifth-largest global destination in the retail space and is growing
at a rate of 12% per annum.
• Over the last two decades, the size, scope and complexity of retailing has
undergone considerable change. The retail industry can broadly be classified into
two categories: Organized and Unorganized.
• Currently, organised retail market is valued at about USD 60 billion, only about 9%
of the sector, where as unorganized retail market holds the rest
Classification of Retail Formats
 Supermarket Overview
• The growth of Supermarkets of India in recent years has been increasing rapidly.
• With the economic liberalization and opening -up of Indian markets to foreign
investments, the Indian economic growth was catapulted significantly.
• In 2018, supermarkets grew 25%, while hypermarkets grew by 15%
• The last 2-3 years have been beneficial for large retail chains, as traditional retail
dominated by small mom & pop or Kirana stores were affected by policy changes.
• These stores struggled to keep up with the lengthy compliance procedure required
under the new tax system. Hence, supermarkets and grocery stores saw higher
footfalls and reported better sales.
• The growth of the Indian supermarkets can be attributed to the rising of the Indian
service sector. Today, a number of Indian business houses are diversifying in to the
retail sector to capitalize on the tremendous growth opportunity.
Growth & Contribution of Supermarkets
 DMART
• Dmart is a one-stop supermarket chain that aims to offer customers a wide
range of basic home and personal products under one roof.
• D-Mart is owned and operated by Avenue Supermarts Ltd. (ASL) – a
company founded by Dr. Radhakishan Damani, headquartered at Mumbai.
• ASL was incorporated as a company in the year 2000-2001.
• D’Mart launched its first store in 2002 in Powai (Mumbai).
• The company presently has 176 stores located in 11 States and 1 Union
Territory of India.
• D’Mart predominantly follows an ownership based store operating model.
• Their core objective is to offer customers good products at great value.