Indian Retail Industry is ranked as one of the biggest retail market in the whole world. It has been ranked the second most attractive market for investment after Vietnam.
The Indian retail industry is estimated to be worth Rs 13-14 lakh crore and is very much fragmented by nature. Organised retail in India was valued at 96,500 crore with an impressive growth rate of 35- 40Â per cent in the last few years as compared to the 9-10Â per cent growth in the overall retail industry.
Now, with a few to further boost and incentivize retail industry Government of Indian Introduced the new FDI policy for retail which is also expected to boost the organised retail sector and contribute to the overall growth of the country.
Keeping this in mind this research paper by the International Journal in Management and Social Science provides detailed information about the growth of retailing industry in India.
It also highlights the challenges faced by the industry in near future.
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