The retail sector in India is witnessing a huge revamping exercise as traditional markets make way for new formats such as departmental stores, hypermarkets, supermarkets and specialty stores. Western-style malls have begun appearing in metros and second-rung cities alike introducing the Indian consumer to a shopping experience like never before.
Key Findings & highlights:
Retail, India’s largest industry and the country’s largest source of employment after agriculture, has the deepest penetration into rural India, and generates more than 11% of India’s GDP.
The government allows 100% Foreign Direct Investment (FDI) in cash and carry through the automatic route and 51% FDI in single brand retail through Foreign Investment Promotion Board (FIPB).
The Economic Survey 2007-08, has suggested a share for foreign equity in all retail trade is 100% in respect of luxury brands and other specialised retail chains.
The back-end costs without distribution centre costs, or what is called retail administration costs in retail jargon, is around 2.5% to 3% of sales.
Reasons to Buy:
Spot business opportunities in retail industry.
Gain a thorough understanding of the changing trends in retail industry.
Reveal the strategies useful for entrepreneurs interested in doing business directly or indirectly.
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