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%.

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About the Author:

The Author is manager, TQM Shri Lakshmi Cotsyn Limited Malwan, Dist Fatehpur, U.P.

Originally published in Textile Review: March 2010