3. As time passed currency was exchanged with goods and services.The Indian retail industry is the fifth largest industry in the world. With growing market demand, the industry is expected to grow at the rate of 25-30 percent annually. Retail has two forms organized and unorganized. Organized retail in India is expected to grow 25-30 percent yearly and is expected to increase from Rs 35,000 croresin 2004-05 to Rs 109,000 crores by 2010. Second Largest Employer after Agriculture(8%)
15. Future Projected growth is US $600 billion till 2015 Growth Drivers Organized retail 4% Increasing in income Fastest growing economy Customer analysis Availability of cheap labor Demand for global brands
16. SWOT Strength: Growing economy Availability of man power Improvement in the standard of living Increase in demand driven by working youth Weakness: Lack of trained manpower Inadequate infrastructure Lack of expertise in supply chain management Fast changing needs of consumer
17. Opportunity: Untouched rural market. Investment opportunities Fast evolving shopping mall formats Upcoming international players Threat: The tax structure in India favors small retail business Lack of adequate infrastructure facilities High cost of real estate Low retail management skill
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