RETAIL SECTOR ! WILL IT HELP INDIA !!!!!!!!

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Vishuisgod

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Will retail sector boom in india ! will it help indias GDP to grow ! will real estate play an important role !



:SugarwareZ-064:
 
i think it will surely help india and especially the consumers who ll get benefit of the competition also with big retailers like reliance walmart and carrefour coming in the quality as well as prices are going to be optimised resulting in greater avings.retailers can also play a big role in containing inflation
 
retail being an industry which has nto still put its foot hodl strongly in teh country seems to be a power pack oppaortunity bcas it will be dealing the consumer directly and ppl being more choossy and high level of awareness could lead to be a busness worth exploring.moreover there r less scope for setbacks.
 
Definately...........it will help India...
.. Its a booming sector and its going to be generate lots of jobs
 
Nothing like the present time..
With the entry of More,Reliance Fresh and other local retail outlets..
It is poised to boom..
 
if we see growth in retail sector and growth of the country's GDP, we find retail sector act as a LEAD factor. if we keep aside this current slowdown, retail sector has helped our country in money circulation and increasing consumption pattern of the people which ultimately help business to grow by providing profit and investment and ncrease income level of people by providing employment.
 
growth of retail sector will provide huge benefits to the farmers of India, which forms 60% of our populace. retail sector is not only about Malls and shopping complexes and multiplexes. It also includes warehouses and cold storages. If the govt gives incentives to the retail companies and real estate companies to build these structures, India will benefit immensely. This is one reason why i think Wal-Mart will be good for india
 
it will be a boon for providing employement to unemployed people but yet it will create a threat to retail shops already existing for their survival against those big retailers(like reliance,big bazaar,etc)
what say?reply
 
Speaking only from the economical point of view, I see the following upsides:
1. Expanding demand: we all know that at the root of any free economy lies the current demand. There can be little doubt that organized retailers expand this demand to a significant extent(how often we return from a mall wondering how could we spend twice the amount that we initially thought of), now from an individuals perspective, it might not be that good, but its good for the economy. People are trying out more and more products and are willing to pay a price if they get what they want.

2. Employment generation: No doubt there is a big debate going on organized vs unorganized and the resulting job losses. But just think of the better quality of jobs that organized retail can generate, the growth/training potential and the fact that it can provide the biggest job avenue for our large educated young generation. The future of this nation lies in the hands of that generation. Even the ICRIER report suggests that the magnitude of job losses in unorganized sector is much less(<2%) than we usually think of

3. Process improvement: Just imagine what Maruti could do to our four-wheeler industry. Today its globally competitive because of what Maruti started some 3 decades back..it brought with itseld a whole new culture of process improvement and quality standards. Same thing will be witnessed with the entry of more and more globally competitive platers in India

4. Infrastructure and related improvements: retailing is not restricted to itself, there is a whole cycle of positive impacts on various other industries, the most prominent of them being the Infrastructure.

If you are interested you can find a very relevant and much detailed article at retail rise at Impact of organized retailing on our economy | Retail Rise
I particularly liked the demand expansion argument that the author linked with the Shampoo sachet industry evolution in India some 2 decades back.
 
I do agree with most member's view point that retail sector would have positive impact. I feel that retail sector is conduit to indian consumer's wealth effect. When the average indian consumer feel wealthy -primarily from higher savings (and investments in stock market) and higher value of home, he/she will be more ready to spend creating a consumer driven economy like the US and western Europe. It might take a generation for that to take effect.

As for corporate retail gaints taking a foothold in India- it is good news to both the consumer and supply-chain and bad news to inefficient mom and pop stores that is so much prevelant today.
 
i do agree with wat u all are saying .......
i hv done a recent study on the same ......
and do agree that retail is helping India grow .....

but wat i feel is that .........
india being illeterate in nearly 50% f the population in some places , may b more in some areas ..........
my point here is that most if these ppl setup retail businesses to support their families and lifestyles . .....
the organised retail growing at the rate it is now will overtake the unorganised faster than it is expected to ......
this inturn leading to the problem of not finding the right man for the job ....

india is already growing due to retail just that it is nt growing in tandem with the requirements of retail sector .....
 
franticdemon said:
i do agree with wat u all are saying .......
i hv done a recent study on the same ......
and do agree that retail is helping India grow .....

but wat i feel is that .........
india being illeterate in nearly 50% f the population in some places , may b more in some areas ..........
my point here is that most if these ppl setup retail businesses to support their families and lifestyles . .....
the organised retail growing at the rate it is now will overtake the unorganised faster than it is expected to ......
this inturn leading to the problem of not finding the right man for the job ....

india is already growing due to retail just that it is nt growing in tandem with the requirements of retail sector .....
Click to expand...

It's a good argument as such but there are several points that we often miss while looking at the apparent job losses. I've already said that a much better set of jobs are being created through this retail revolution. Look, the demand is same(or actually increases due to the demand expansion) the only difference is that due to increased productivity, slightly less number of persons are required to sell the same. More than this, there are lot many back-end jobs being created which are actually in hand of brokers and mediators presently.

So basically it's these brokers & mediators who will lose their jobs. As far as the absolutely low end 'Thela waalas' are concerned, they will always find newer opportunities, though what we want to see from big retailers is an active corporate service .. which ensures that some of such negatives are absorbed
 
from customer point of view retail stores are very good for shopping.
many advantages of retail stores for customer are:-
1.plenty of varieties are available
2.they can easiy compare different products & their prices
3. good product at lower cost
but retail sector is not going to incease GDP but on the other hand it wiil decrease GDP.
because retail sector reduces the employment chance of many people.it eliminates role of mediator, lots of small shops are now not able to attract customer.
so when employment level will decrease, GDP will decrease
 
retail is the next big thing in india this will grow like anyting and help india reach NEW HIEGHTS & make a mark on the world stage
 
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