Indian Retail - Reality check

Released on = August 22, 2006, 4:07 am

Press Release Author = RNCOS

Industry = Industrial

Press Release Summary = The retail industry in India is mirroring the rapid changes
in the consumption patterns of the consumers. The clientele is clearly segregated
with rural and urban bases bearing allegiance to unorganized and organized
retailing.



Press Release Body = The large pool of emerging middle class, with population of
more than 350 million lies at the center of big bets for the major retail industry
players. The changing consumption patterns are raising the demand for lifestyle
products.

While organized retailer sector in India is targeted at high-income urban customers,
unorganized retail sector primarily caters to traditional customer base of lower
income sections in the rural pockets of India. This is probably why the two forms of
retailing manage to co-exist in India.

Organized Indian Retail Sector has undergone rapid changes and has metamorphed into
a high-growth industry. With the mushrooming of malls, multiplexes, and supermarkets
consumers are treated to a completely different shopping experience. With a gamut of
services, freebies and bonanzas as addendum, organized retail sector are getting all
the customer attention.

The stature of the Indian Retail Industry is significant, with a whooping 5 million
retail outlets spanning across the country. However most of these are self-styled
traditional units, with significant local presence, lacking anything close to a
modern retailing industry. For this very reason, industry experts feel that
opportunities in organized retailing are going to increase manifold.

The market research report, "India Retail Sector Analysis (2006-2007)", accredits
the Indian Retail Industry as a significant revenue churner, with a market size of
Rs. 10 Trillion as per 2005. Organized Indian retail sector market size hovers
around Rs 351 Billion and is rapidly gaining ground.

An analysis Indian Retail Sector reveals that average growth rate for this segment
stands at around 32% in comparison to a modest 8% in the unorganized sector. Rural
India is the major revenue driver for unorganized retailing in India with a share of
76%.

The overall Indian Retail Industry contributes 10% to the GDP and a source of
employment for more than 41 million individuals.

The research report presents a comprehensive picture of the overall Indian Retail
Industry.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
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information and niche market analysis.

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For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com

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