The Organized Retail Market – Indian Perspective

Abstract

The Indian retail industry is generally divided into organized and unorganized retailing. Organized retailing refers to trading activities undertaken by licensed retailers those who have registered for sales tax, income tax etc. Include corporate –backed hypermarkets and retail chain and also privately owned chain of retail business in a large entity. Organized retail is a new phenomenon in India and despite the current downturn in the market; This paper has made an attempt to view the organized retail sector in India with its evolution, identify the factors promoting for organized retailers, the advent of foreign retailers, and to know the booming sector in organized retail and to pin point the challenges faced by the organized retail sector in India. As more and more organized retail outlets are dotting the Indian topography, competition is no more restricted between organized and unorganized retailing.