This website uses cookies to ensure you have the best experience. Learn more

Retail In India Revolution Or Evolution

1349 words - 6 pages

Retailing in India came with evolutionary patterns from Kirana store to Super market. This sector was un-organized in the initial stage, and after that it carried forward by the textiles industries through the dealer model. Now it is growing as supermarket and hypermarket. The main drivers of the retail evolution in India are buying behavior of the customer, increase in disposable income of middle class, infrastructure development and changing customer choice. The target segments of retailers are the younger middle class earners which belong to more than 20% of total population.The growth in retail sector also comes through innovative ideas. As retailers are providing the innovative buying ...view middle of the document...

e. Khadi, matchsticks, incense sticks, decorative items made from wood and earth, ahinsak (non-violent) honey, ahinsak leather items etc.The industries came in the retailing in 1980s through dealer network. In 1980s, the big group of textile industry i.e. Raymond, S.Kumar, Bombay dyeing and Grasim came with this concept of retailing. In the manufacturing sector, the pioneers were DCM group & Bata. Titan came with an organized retail concept and establishes number of showroom for premium watches.All the above effort for retailing came by the manufacturer. But the pure retailer approach came in the existence in 1999s with the establishment of "Ansal's Plaza" in Delhi and Crossroads in Mumbai. After the 2003, many other organizations either planning to come into the retail market through the retail store or initiated the establishment work. Currently some popular groups which are operating the organized retail in different formats are following.Drivers of Evolution:Accelerating Household Income in India:After the 1991, the income of the educated middle class houses is increasing at the rate of 3.6%. It is expected that this rate will be 5.3% in future. The rate of growth in the urban middle class is 4.6% as compare to the growth rate in the rural middle class households. It is also expected that average real household disposable income (income minus taxes, adjusted for inflation) will reach $6,977. Following graph is showing the estimated growth in disposable income of Indian middle class.Change in Population Structure and Choice:The Indian population structure is changing now. It consists more than 60% of people who are below the 30 years. The people (20-30 year age group) who affect the buying pattern of the family are more than 20% of whole population. After the 1991, the income of younger middle class is increase at higher rate because of open of Indian economy. The choice of this new young middle class earning people is also changing and they now shifted from local brand to global brand, Dhaba to Macdonald, bread to burger and most important is from money saving to money enjoying. This younger middle class is the main target segment of the retail industry.Infrastructure development:After 2003, India is recognized for all round development in the important infrastructure sectors. The government is investing hugely on the road, port, aviation and basic need. All these factors attract the foreign investor to invest in retail sector. Now, the reach of information has easier than previous years because of the development in infrastructure i.e. Telecommunication, IT, Internet and satellite TV. Now customer is more aware of the product and their features because of the Internet accessibility. Thereach of satellite TV channels is helping...

Other Essays On Retail In India -Revolution Or Evolution

Detailed International Marketing Plan Outline: Part II

1803 words - 8 pages internationally is a more challenging task. GE is primarily looking to be established in retail organizations where a variety of products are promoted, similar to a Wal-mart on a large scale and a Shopko on a small level. Distribution is initially being shipped from the United States (US) to India. Once the sales of air conditioners support the need, a small distribution center will be located in India for faster fulfillment. Additional product lines are

Christianity, Scienctific Revolution, And Industrial Revolution

1025 words - 5 pages . (Spielvogel 430-437) Today I ask myself, what is good or ill and how does it apply to these movements encountered throughtout life. I believe that many countries have currently fallen behind in man's evolution as well as in faith in Christ. I believe that now these countries will either encounter history's foretold path which has happened time and time again, where only the strong survive, or we will experience the wrath of God as foretold in Revelation. What are you praying for? Spielvogel, J. Jackson. Western Civilization A textbook. Pennsylvania: Wadsworth Publishing Company, 1999

What Are The Main Changes In French Agriculture Since 1945 And What Challenges Does It Face Today?

1612 words - 7 pages relatively archaic technical means. Over one third of the working population was employed in this sector and a farmer fed 7 persons on average. I will study firstly the main changes that agriculture has undergone since 1945 with respect notably to the farming techniques and their results, to the evolution of holdings, and finally to French regions. Secondly I will deal with the internal agricultural challenges that France is currently facing, then


2015 words - 9 pages fierce competition from the English East India Company.The British focused their attention on India.Britain's great rival in India was France.By the early 1800s, the British had gained economic and political dominance over much of the subcontinent..Background to RevolutionLegal Orders and Social ChangeFrance's population was legally divided into three orders, or estates: the clergy, the nobility, and everyone else.Historians have long focused

Regional Assessment Asia

1322 words - 6 pages Wikipedia, an internet encyclopedia source, defines globalization as "a social change, an increased connectivity among societies due to transculturation; the explosive evolution of transport and communication technologies to facilitate international cultural and economic exchange" (Wikipedia, 2006). In other words, globalization pertains to the connectivity that allows businesses around the world to interact thus move beyond domestic markets to

india is a country of festivals

379 words - 2 pages some part of the country.As in any old civilization, most of these festivals have religious ties. Because India is still a predominantly rural nation, many of its festivals also welcome the coming of natural phenomena like the seasons of the year, the harvest, the rains, or the full moon. Thus, festivals often commemorate the sacred bond felt by the Indian villagers to their land. Nevertheless, there are those festivals, such as karwa chauth

Explain The Distinction Between Transaction Costs And Other Costs That Occur In Economic Systems

2839 words - 12 pages characterized by vertical integration and concurrent phenomenon of horizontal integration in this industry or other modes. Due to a sharp decline in transaction costs from Internet based commerce, it may be efficient for retail industry to restructure themselves around E-commerce.4.1 The reason of transaction cost decline though e-retailØ Decline in searching cost on customers' preference (information cost)E-retail may to some degree reduce

Creationism In Schools

990 words - 4 pages Darwin first published his ideas on evolution in 1859. It was one of the first works that went against the idea that God created the world according to the Bible. This made people wonder if the bible was right, or if Darwin was right. Since creationism has nothing to do with any subject in school we should not teach it in school. Evolution is based on scientific facts, while creationism is based on believing and having faith in the Bible

Historical Perspective Of Co-Operatives In Indian Context

6920 words - 28 pages withdraw, from such a co-operative in larger interest.2. Democratic member control:Such a control is a cardinal principle of co-operation, which will definitely have a healthy influence in the political and economic structure in a country like India. It has been pointed out rightly that if democracy is to be attained it will come not by voting, not by taxing nor by a revolution but by putting into operation, the co-operative democracy, beginning

Creation, Evolution And Intervention

1765 words - 8 pages greatly flawed.InterventionistsIn the middle of evolution and creation is Intervention. Interventionists believe that evolution did take place and that human beings have always been evolving as the theory of evolution states. Interventionists believe that, in some point in human development, something from somewhere in the universe, possibly a superior intelligence, another species or even space aliens, bred with humans thus changing the ape like

Creation Evolution

851 words - 4 pages or recognizing their own flaws. The final author's message denying that one can believe in both Evolution and be a Christian was somewhat demoralizing to me, but I find personally that they are very moody and close-minded. For now, I think I'll stick to my theory of God controlling evolution, and I think he does it for a reason, though that part I have yet to consider.

Similar Papers

This Essay Explores The True Nature Of The American Revolution. What Is Really A True Revolution? Or A Conservative Cahnge In Leadership

1051 words - 5 pages justify their reasoning for a revolution was the corruption in Parliament. The English Parliament was heavily interested in their own personal wealth gains from the New World. Members of Parliament often faced conflicts of interest, where they would vote a certain way to either pass or decline a law, so they would still be able to gain profit from the colonies. The Colonists couldn't stand this, they couldn't stand being used only for profit, and

A Mock Newspaper Article About Ghandi Which Describes His Basic Achievements

950 words - 4 pages rebellion. With his passive resistance, the people of India have brought the British Empire to its knees. This moment is not to be thought of as a loss for England, but as triumph for peace in these days of war.Gandhi's fight for the freedom of India was a long and difficult journey, but his philosophy and education helped him to obtain his goals. The revolution was not a short one at all, taking almost twenty years to accomplish. This grand journey

In This Unit I Have Learned A Lot About Creation

649 words - 3 pages In this unit I have learned a lot about Creation and Evolution. In the topic of Evolution I learned that Evolution is change over time and it's a change in the gene pool. An example is pesticides. The bugs after time become immune to the pesticides that we use. That is an example of Microevolution. Microevolution and Macroevolution are very different. We can see proof of Microevolution all around us. As for Macroevolution, there is no proof that

Fab India Case Writeup Essay

5577 words - 23 pages FABINDIA CASE WRITE UP John Bissell, the founder of Fabindia was a Connecticut native who went to India in 1958 on a Ford Foundation- Sponsored Program to advise the government- run central cottage industries corporation (CCIC). He saw an entrepreneurial opportunities to bridge the gap between the weavers' talent & skills and market knowledge or ability to access consumers. He also liked India and wanted to help the