What is the percentage of Organised retail in India?

The Indian retail market is largely unorganized. However, the organised Indian retail market has increased by ~50% between 2012-2020 to its current value of nearly 12% of total retail.

What is Organised retail in India?

Organized retailing is the process of selling goods or merchandise all under one roof in a fixed location such as a departmental store, hypermarket, supermarket or even a convenience store.

How many organized retail stores are there in India?

Retail market in the organized sector in India is growing can be seen from the fact that 1500 supermarkets, 325 departmental stores, and 300 new malls are being built.

When did the Organised retail trend started in India?

entered the market in the 1990s, followed by a few shopping malls, department stores and supermarkets. Thus, from early 90s to about 2005, shoots of organized retail started emerging in India. 2005 onwards marked a phase of growth and stabilization where large corporates like Reliance, Aditya Birla, Godrej etc.

What is the share of organised retailing in India in 2020?

India’s organised retail share has grown from four per cent 10 years ago to nine per cent currently.

How big is retail industry in India?

The Indian retail market is estimated to be US$ 600 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people.

What is organised retail and Unorganised retail?

The organized retail consists of all the big super market chains, hyper market chains which pay taxes and comes into government records. The unorganized retail includes the Kirana stores, family owned shops, small outlets, wholesale shops which do not come into government records.

What is organization retailing?

1. Trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the publicly traded supermarkets, corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses.

What are the factors responsible for the growth of organised retail in India?

10 Major Factors Responsible for the Growth of Organised…

  • Growth of middle class consumers: ADVERTISEMENTS:
  • Increase in the number of working women: ADVERTISEMENTS:
  • Value for money:
  • Emerging rural market:
  • Entry of corporate sector:
  • Entry of foreign retailers:
  • Technological impact:
  • Rise in income:

How organized retailing become more popular in big cities in India?

Organized retailing in India has been largely an urban Phenomenon with affluent classes and growing number of double-income households. More successful in cities in the south and west of India. Reasons range from differences in consumer buying behavior to cost of real estate and taxation laws.

What is Organised retail and Unorganised retail?

What is an Organised retailing?