Project on Retail Sector

Segments in the Indian sell Industry | | |[pic][pic| |] | The selling sector of India kitty be split into two segments. They are the in evening gown and the formal selling sector. The informal retailing sector is comprised of small retailers. For this sector, it is truly difficult to implement the taxation laws. There is widespread tax evasion. It is also cumbersome to regulate the labour laws in this sector. As far as the formal retailing sector is concerned, it is comprised of super retailers. Stringent tax and labour laws are implemented in this sector. If the retail industry is divided on the basis of retail stages then it can be split into the modern format retailers and the tralatitious format retailers. The modern format retailers comprise of the supermarkets, Hypermarkets, departmental Stores, Specialty Chains and company owned and operated retail stores. The traditional format retailers comprise of Kiranas, Kiosks, Street Markets and the multiple brand outlets.

The retail industry can also be subdivided into the organized and the nonunionized sector. The organized retail sector occupies about 3% of the congeries retail industry in India. Size and contribution of the retail industry in India In terms of value, the Indian Retail industry is worth $300 billion. Its contribution to the Gross interior(prenominal) Product is about 10% , the highest compared to all other Indian Industries. The retail sector has also contributed to 8% of the employment of the country. The organized retail sector is expected to triple its size by 2010. The food and grocery retail sector is expected to procreate five times in the same time frame. The major(ip) reason behind the low participation in the Indian retail sector is the need for lumpy investments that cannot match up their break even points. The government policies are being revise from time... If you want to get a full essay, order it on our website: Orderessay

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