Retail

INTRODUCTION: India has 12 million sell outlets. The retail sector is the second jumbost source of employment and the job grocery store is enormously receptive to retailing expertise as to a greater extent and more B-schools are now focusing on the sector and large retailers are setting up retail academies. It is estimated to create 50,000 jobs a year in the next five years. MARKET size of it: The retail market in India is estimated at Rs.5,88,000 crore. Of this the unformed market is worth Rs.5,83,000 crore and the make market is Rs.5,000 crore. OPPORTUNITY: Over 8% of Indias population is engaged in retailing. According to ASSOCHAM, the total retail market is expected to grow by 20% per year and is one of the fastest growing sectors in India. PROBLEMS: 1. The organized retail industry in India is faced with stiff competition from the unorganized sector. 2. There is a shortage of quality real acres and infrastructure requirements in our country. 3. Opposition to Foreign Direct investiture from small traders affects retail industry. 4. Very high stamp duties on transfer of property affects the industry. 5. Shortage of retail space in central and downtown locations also hinders the growth of retail industry. 6.

front line of strong Pro-tenancy laws makes it difficult to evict tenants and this is posing problems. 7. Land-use conversion is clock consuming and becoming complex. 8. For settling property disputes, it consumes lot of time. 9. fixed building laws makes procurement of retail space difficult. 10. Non residents are non allowed to own property except they are of Indian origin. 11. breastwork of Foreign investment in real estate business. 12. tradition duties are levied on import of goods in India. CONCLUSION: The organized retail industry is facing lot of opposition from traders, politicians and the judicature has to formulate a separate policy for the industry. FDI needs to be encouraged and land acquisition rules... If you want to get a full essay, order it on our website: Ordercustompaper.com

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