FUTURE OF INDIAN RETAIL give awaying in India accounts for close to 15% of the Indian GDP. The Indian sell market is estimated to be US$ 450 billion and one of the top five sell markets in the world by economic value. Organised sell i.e. barter activities undertaken by licensed retailers is absent in virtually boorish and small towns of India.Unorganised sell i.e. traditional formats like proprietor man general stores, paan/beedi shops are still the life melodic phrase of Indian Retail. CHALLENGES According to a McKinsey study the labour productiveness in Indian retail is very junior-grade at comely 6% of the labour productivity in fall in States in 2010. Indias labour productivity in food sell is somewhat 5% compared to Brazils 14%; while Indias labour productivity in non-food retailing is about 8% compared to Polands 25%. perfect retail employment in India, account for only about 6% of Indian labour work force Indian Retail Needs to overcome the following challenges in topical anestheticise to flourish ? semiautomatic approval is not resigned for foreign enthronization in retail. ?Regulations constricting real estate purchases, and cumbersome local laws. ?Taxation, which favours small retail businesses. ?Absence of developed supply string and integrated IT management. ? drop of trained work force.
?Low readiness level for retailing management. ?Lack of Retailing Courses and study options ? inherent complexity of retailing rapid price changes, constant scourge of product obsolescence and low margins. OPPORTUNITIES However, since November 2011, the Indian government has been workin! g towards comfort of some rules and the open up of retail market to ball-shaped players. Though this is in its parturient stages, there are plastered opportunities which could help the future of Indian Retail ?India will allow foreign groups to own up to 51% in multi-brand retailers, is the around radical post-liberalisation reform passed by an Indian cabinet in years ?Single brand retailers, such as Apple...If you lack to get a full essay, order it on our website: OrderCustomPaper.com
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