Retail Industry Profile in India

Retail Industry

Industry Analysis:-

The retail industry in India is one of the fastest-growing in the world. India holds a 5th position in the largest preferred retail destination globally. The country is highest in the world especially in terms of per capita retail store availability.

Introduction:-

It is the process of selling goods or services to the customers through many different ways to earn a profit. The word itself is applied where a service provider fills the small orders of an individual. The service providers which includes retail banking, private healthcare, and many others.

History:-

This industry has a great and ancient history. Over a period of one hundred years, the shops were transformed from little to the sophisticated shopping malls.

User Base:-

A retailer is an organization or a person who is a reseller who sells goods or services directly to consumers. Some of them may sell to business customers which are called a non-retail activity.

Retailing Finances:-

It is the offering of stage payments to the customers who are creditworthy. The chain mainly consists of goods producers, wholesalers, and many others. At each process, there is a markup or profit. The product manufacturers calculate their product charges and before selling to wholesalers they add a little profit percent, next the wholesalers also add profit percent and retailers add their own profit margin to the product before selling to the customers.

Market Size:-

The market size is expected to increase by 60 percent to reach US$ 1.1 trillion by the year 2020 if the growth happens. The overall market is estimated to grow at a rate of 12 percent per annum. The size of the modern retail industry in India isĀ US$ 70.45 billion in 2016 and is expected to reach US$ 11.25 billion in 2019.

Services:-

EsaleMedia focuses on growth-oriented and wholesale distribution enterprises. Retailers satisfy demand identified through a supply chain.