Organized Retail

Retail has seen tremendous growth in the last few years and is now considered as one of the pillars of our economy. India is among the top five retail destinations in the world, with the highest per capita retail store availability in the world. The Indian retail industry is among the fastest growing in the world. This is powered by exponential growth, not just in the metros but also in Tier II & III cities. Factors affecting this growth are a younger demographic profile with disposable incomes, changes in lifestyles and urbanization have all played a major role in the growth of this industry. Another major factor is the boom of online retail, thanks to increased digital connectivity and large investments in the segment. Reforms and relaxed norms in Foreign Direct Investments are also attracting major global players to the industry.
The retail sector is a major employment provider and accounts for around 10 per cent of the country’s GDP. It is estimated that India’s retail market will see a 60 per cent increase by 2020.
Organized Retail is divided into two sub-sectors, Business to Business, and Business to Consumer.
The Business to Consumer sub-sector is comparatively young but is slated to grow exponentially in the next few years. With consumer sensibilities becoming more sophisticated and informed, this sub-sector is poised for constant growth and development.
The Consumer to Business sub-sector has seen a rapid growth in the last few years and is projected to keep growing. The growth and development has been seen not only in metro cities, but also in Tier II & III cities. It has created business opportunities for small and big retailers alike.