FratFiles

• Save Paper

Retail Scenario in India : Touching Meteoric Scales

As the corporates – the Piramals, the Tatas, the Rahejas, ITC, S.Kumar's, RPG Enterprises, and mega retailers- Crosswords, Shopper's Stop, and Pantaloons race to revolutionize the retailing sector, retail as an industry in India is coming alive.
Retail sales in India amounted to about Rs.7400 billion in 2002, expanded at an average annual rate of 7% during 1999-2002. With the upturn in economic growth during 2003, retail sales are also expected to expand at a higher pace of nearly 10%. Across the country, retail sales in real terms are predicted to rise more rapidly than consumer expenditure during 2003-08. The forecast growth in real retail sales during 2003- 2008 is 8.3% per year,
compared with 7.1% for consumer expenditure. Modernization of the Indian retail sector will be reflected in rapid growth in sales of supermarkets, departmental stores and hypermarts. Sales from these large-format stores are to expand at......

View the rest of this paper...

Approximate Word Count: 2841
Approximate Pages: 12 (250 words per double-spaced page)

Similar Essays

1. Pest Analysis Of Retail Industry In West Bengal
   

   PEST analysis of Retail Industry in West Bengal Retail Scenario in India : Touching Meteoric Scales As the corporates – the Piramals, the Tatas, the Rahejas, ITC, S.Kumar's, RPG

2. 
   

3. 
   

4. 
   

5.