Source: Textile Review
The Indian retail industry undergoes
major revolutions. Retailing in India is gradually becoming the next boom
industry. In India, there will be the fastest growth in retailing and real
estate. The consumer buying patterns and behavior are changing steadily. The
growth of India's retail sector not only limited to urban areas but also
growing in rural areas. In the next five years, it is expected that, India's retail industry will expand more than 80%.
The apparel retail
market sector consists of the sale of all men's wear, women's wear and infant's
wear. The men's wear segment consist of retail sale of outer and under garments
for men and boys. The women's wear retaiI market consists of the retaiI sale of
all women's and girls' garments including dresses, suits and coats, jackets,
tops, shirts, skirts, blouses, sweatshirts, sweaters, underwear etc. The
infants wear retail market segment includes sales of garments for chiIdren
between the ages of 0-2 years.
The Indian economy is growing by 8% a year.
Business in India is booming over the years. The stock market increase by
nearly 40% in 2005.Many foreign investors become interested to invest in India. There are about nine million small grocery shops in India.
The Indian retail industry undergoes a major
revolutions. Retailing in India is gradually becoming the next boom industry.
In India, there will be the fastest growth in retailing and real estate. The
consumer buying patterns and behavior are changing steadily. The growth of India's retail sector not only limited to urban areas but also growing in rural areas. In
the next five years, it is expected that, India's retail industry will expand
more than 80%.
Read
Full Article
About the Author:
The Author is manager, TQM Shri Lakshmi Cotsyn Limited
Malwan, Dist Fatehpur, U.P.
Originally
published in Textile Review: March 2010
