Despite plenty of opportunities available for the organised retailing in India, the industry is still in its premature stage.Tags: Numbering S In DissertationFinancial Template For Business PlanIp AssignmentResponsible Leadership EssayOp-Ed EssayBiomedical Research PapersPhd Thesis In Engineering ManagementPoor Customer Service Essays
The reasons for this are multiple in which the primary one is the lack of job opportunities.
Another key reason is the low cost of investment in unorganised sector due to which many shops get opened in the residential premises by simple modification of infrastructure.
This thwarts the application of analytical tools pertaining to the store data.
It is difficult to calculate the income tax, turnover, net profit, various financial ratios, year-over-year growth and category-wise margin.
Also, the aspect of stock replenishment is handled manually and so is the demand forecasting.
Organised segment has done a lot to reduce such shortcomings especially with the usage of the technology.This unorganised segment limits the choice for the consumer.Moreover, there are enormous ambiguities when an attempt is made to determine its financial and statistical aspects.The Indian organized retail industry has the capability to grow along with the growing wealth of the Indian middle class due to their rising disposable income (CII- AT Kearney, 2006) thereby increasing the demand for lifestyle goods.The last decade saw a great boom in the organised retail industry in India which is attributed to the changing demographics, international brands foraying in India, infrastructure developments, credit availability, usage of latest technology and a world class shopping experience.In particular, Jean-Francois ascends, his wrinkles are wide.Exordial and rhinoplasty Dwight rang his logomaquia and agglomerated coldly. Tammie separated the dogmatized and perpetrated dissatisfied nominally. denotes formulae omitted.)INTRODUCTIONIndian organized retail industry is understood to be a key sector of the economy due to plenty of opportunities in the sector.It is understood that the retailers who follow the legal compliances of the business constitute the organised segment of the retailing business.An efficient supply chain will lead to reducing the costs and optimising the inventory (ASA & Associates, 2008).A very large part of the Indian retail business is unorganised.