Amongst other commercial activities, retail occupies a prominent position and contributes substantially to the GDP growth of India. It is logical therefore to explore the linkage between these two core activities for better socio-economic development.
Indian organised retail, sitting at the cusp of a major revolution has many companies jumping in to get in their share of opportunity. However, looming recession has left retail pundits rethinking the viability of organised retail.
The organised retail segment in India is expected to witness better times ahead. It can be attributed to strong economic growth expected in future; likely change in consumer needs, growth expected in young population, working women population.
With the continuance of UPA government in power, the retail sector was hoping to feel a whim of fresh air but things seem to be more or less the same.Everyone is riding on speculations and hoping for the for the best. But will it come about?