Organised corporate retailing is poised to become the business of the decade in India. Retailing presently contributes about 10 per cent of India’s gross domestic product (GDP) and 6-7 per cent of employment. With some 15 million retail outlets, India has the highest retail density in the world. But only 4 per cent of these outlets are more than 500 sq ft in size and almost all are family owned shops and establishments.
The value of organised retail is expected to grow 2.8 times in the coming four years to a Rs 1,000billion industry, attracting many global retail chains like Wal-Mart, Tesco, and Carrefour .Foreign direct investment (FDI) up to 51 per cent in single brand retail was permitted last year and multi-brand retail is
expected to open up to FDI soon. As the Europian and the US markets are under pressure to grow ,survive and looking for new openings in the growing consumer markets ,India definitely will be one of the favorites. We are therefore here to debate its impact and long term consequences on the various sectors giving stress to effect on the unorganized retail sector.For our students in the Department of BBA ,a few studies are available at http://www.box.com/s/1ej3nv6ielcct1ooxo83
