Retail Sector in India

The earlier fragmented structure of owner-operated, negligible real estate and labour costs bogging down the retail sector in India has quite smoothed away as the sector experiences a retail boom in India in the early years of opening itself up to organised and sophisticated retailing.

Foreign retailing giants have been known to leverage size and establish supply chains to deliver greater choice and better prices to consumers. Retailing in India has become a success story as a result of aligning with similar global trends and gaining a supply chain perspective and developing efficient networks.

India’s Retail boom
The evolving format in Indian Retail industry is the local-foreign joint venture.
The recent developments related to FDI in retail favour the positioning of such tie-ups in the organised retail industry in India. The global retail giant Wal-Mart's dream of foraying into the retail market in India with Bharti has come true.

Yet another joint venture of a similar nature where the partners are contemplating 'Market City' in Pune, which has been designed by the architect of Bluewater, Europe's largest shopping centre is an example of the interest in retail and leisure infrastructure in India.

Rising incomes, changing lifestyles, increase in demand for branded products, favourable demographic patterns, increasing consumerism in urban areas and an upswing in rural consumption has and will continue to fuel this growth even as the upward growth Retail in India is all set to sweep the entire country in sync with geographical, cultural and socio-economic diversity of India.

Retail stores in India
Retail is one of India's fastest growing industries. Consumers have taken well to the concept of modern retail shops, departmental stores, supermarkets, and hypermarkets. Organized retail stores which are largely air-conditioned is no more a rarity. More such malls are being planned in the other big cities of India.

Retailers in India looking to aggressively expand their businesses in Asia are exploring suitable Real Estate options, and thus creating a huge demand for high quality Real Estate. The most preferred means of expansion is to increase the number of their outlets in a city, and also expand to other regions.