ROLE OF ORGANIZED AND UNORGANIZED RETAILING ON EMPLOYMENT AND POLICIES WHICH CAN CONVERT UNORGANIZED RETAILING IN ORGANIZED RETAILING

Dr. Sunil Kumar

Abstract


Since long time, our retail landscape of India has undergone a major transformation over the last few years, enhancing the overall consumer experience to varying degrees. The Indian retail market is pegged at $500 billion and holds a niche slot as one of the five major retail markets in the world. It is also the fastest growing, expected to scale up to $1.3 trillion by 2020.

Retailing in India is one of the major revenue earners for the economy, accounting for approximately 15% of the country’s GDP. The market for retail in India is, undoubtedly, uniquely complex in terms of the wide geographical spread and distinct consumer preferences that vary vastly in each region. Such diversity lends itself to a need for localisation within each of the geographic zones. Moreover, in the present scenario, where unorganised retail formats such as traditional family run stores and small shops constitute a majority of the market (at over 90%), the challenges posed can be quite daunting. Over 30% of food staples and perishable goods produced in India get spoilt due to infrastructural bottlenecks. In addition to this, small retail outlets also prevent proper hygienic storage and movement of goods from farmers to consumers.


Keywords


Unskilled labour, agricultural, CRISIL, Economic growth and Taxes

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