Growth And Growth Of The Retail Industry In India

The Indian retail industry is the fifth largest in the world. Consisting of organized and unorganized sectors, India retail industry is one of the fastest growing industries in India, especially over the last few years. The retail industry in India was mostly un-organized, however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow at a pace of 28-33% annually. The India retail industry is expected to grow from 350 billion rupees in 2009-05 to 1090 billion rupees by the year 2016.

Growth of Indian Retail

According to the 8th Annual Global Retail Development Index (GRDI) of AT Kearney, India retail

By the same time, the organized sector will be 20% of the total market share. It can be mentioned here that, the share of organized sector in 2012 was 7.5% of the total retail industry.

Major Retailers in India

Pantaloon:

Pantaloon is one of the biggest retailers in India with more than 450 stores across the country. Headquartered in Mumbai, it has more than 5 million sq. ft retail space located across the country. It's growing at an enviable pace and is expected to reach 30 million sq. ft by the year 2015. In 2001, Pantaloon launched country's first hypermarket ‘Big Bazaar’. It has the following retail segments:

 Food & Grocery: Big Bazaar, Food Bazaar

 Home Solutions: Hometown, Furniture Bazaar, Collection-i

 Consumer Electronics: e-zone

 Shoes: Shoe Factory

 Books, Music & Gifts:

More than 300 Reliance Fresh stores and Reliance Mart are quite popular in the Indian retail market. It's expecting its sales to reach Rs. 90,000 crores by 2015.

AV Birla Group

AV Birla Group has a strong presence in Indian apparel retailing. The brands like Louis Phillipe, Allen Solly, Van Heusen, Peter England are quite popular. It's also investing in other segments of retail. It will invest Rs. 8000-9000 crores by 2015.

Retail formats in India

Hypermarts/supermarkets: large self-servicing outlets offering products from a variety of categories.

 Mom-and-pop stores: they are family business catering to small sections; they are individually handled retail outlets and have a personal touch.

 Departmental stores: are general retail merchandisers offers quality products and services.

 Convenience stores: these are located in residential areas with slightly higher prices goods due to the convenience offered.

 Shopping malls: the biggest form of retail market in India, malls offers customers a mix of all types of products and services including entertainment and food under a single