Introduction

The Indian Retail Industry is the largest among all the industries, accounting for over 10 per
cent of the countrys GDP and around 8 per cent of the employment. The R e t a i l
I n d u s t r y i n I n d i a h a s c o m e f o r t h a s o n e o f t h e m o s t d yn a m i c a n d f a s t
p a c e d industries with several players entering the market. Retailing in India is gradually
inching its way toward becoming the next boom industry. The whole concept of
shopping has altered in terms of format and consumer buying behavior, ushering in a
revolution in shopping in India. Modern retail has entered India as seen in sprawling shopping
centers, multi-storied malls and huge complexes offer shopping, entertainment and food
allu n d e r o n e r o o f . T h e I n d i a n r e t a i l i n g s e c t o r i s a t a n i n f l e x i o n point where
the growth of organized retailing and growth in the consumption by the Indian population is
going to take a higher g r o w t h t r a j e c t o r y. T h e I n d i a n p o p u l a t i o n i s w i t n e s s i n g
a s i g n i f i c a n t c h a n g e i n i t s demographics.Retail and real estate are the two
booming sectors of India in the present times. And if industry experts are to be believed,
the prospects of both the sectors are mutuallydependent on each other. Retail, one of Indias
largest industries, has presently emergedas one of the most dynamic and fast paced
industries of our times with several playersentering the market. Accounting for over
10 per cent of the countrys GDP and around eight per cent of the employment retailing in
India is gradually inching its way toward becoming the next boom industry.