Indian Retail Industry is the 5th largest of the world. Comparing organized and unorganized areas retail industry is fastest growing in India. Esepically for the last few years.
The high growth of Indian Retail Industry is due to huge amount of investments and breaking up traditional marketing sector. This growth is giving for Indian Retail Industry for further growth in Retail sector.
Now a days,Because of the increasing technical boom E-Shopping growth is increasing in India. And also one of the main reason Internet facilities also available in urban and rural areas.Other reason Growth in Credit Card Industry and also other online transaction methods.
The major focus area in Indian Retail Industry is supply chain management. In outside India retail sector is highly depending on the system supply chain. However development in the supply chain in Indian Retail sector is quite slow.
Other area that needs attention for growing Indian Retail Sector is including duty and tax structure,infrastructure , rising land prices and effective trend forecasting. Trend forecasting needs to be done in the country especially in the segments of cosmetics, apparel and footwear for this will help the retail companies to curtail their expenses substantially.
The chains in the Indian sectors needs to be changed frequently their stocks and also provides home delivery facilities. If all these area are implemented,then the growth of Indian Retail will increase fatly.
Why Indians are fear about the Online Shopping?
In India E-commerces has been very slow track compare to other countries in olden days. Because earlier days lack of Internet accessing knowledge and also lack of Internet facilities.
Some of the reasons which are working against the E-Shopping industry.
- Product demo is not available.
- Bargaining is not possible.
- Delay in product delivery
- In security of creditable of shopping portal
- Not sure of product quality
- Low retail management skills.
Why People are choosing Retail Industry?
Online shopping is most convince for customers. And also it will give better deals for their money.
It has more advantages some of them are.
- Saves time and efforts
- Convenience of shopping at home
- Wide range / variety of products are available
- Get details / demo of the products
- We can compare various of products
