After information technology & outsourcing, retail is going to be the next big thing in
India. Experts are predicting a gigantic shift from unorganized to organized retail.
So, Indian retail is sitting at the threshold of a complete metamorphosis. At this
critical juncture – this article gives a brief overview about past and present of Indian
retail and then tries to find out what the future has in store.
The Past:-
The history of Indian retail dates back to ancient days
when small scale retailers used to carry their offerings to
the village fairs and weekly markets. These fairs used
to be more of a community gathering for enjoyment than
for buying and selling. Still, fair amount of sales used to
generate good revenue for those small scale retailers
who used to sell their products in those early-day
markets.
With changing times, society became more organized
and sophisticated. Business and trade started growing.
As an integrated part of this, retailing also......
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Approximate Word Count: 1529
Approximate Pages: 6 (260 words per double-spaced page) |