* Research Scholar, Assistant Professor, Department of Management Studies, Ranipettai Engineering College, Henkadappanthangal, Vellore, India
** Associate Professor, Corporate Secretaryship & Research Guide in Commerce, C. Abdul Hakeem College, Melvisharam.
Online published on 26 October, 2012.
Retailing is the world's largest private sector contributing to 8% of the GDP and it employs one sixth of the labor force. The estimated retail trade is expected to be 7 trillion US $. Many countries have developed only due to retailing and presently we see there is a vast change in the retail industry. As far as India is concerned it contributes to 14% of our GDP and it is the second largest sector next to agriculture which provides employment to more number of persons. The Retail Industry in India has come forth as one of the most dynamic and fast paced industries with several players entering the market. But all of them have not yet tasted success because of the heavy initial investments that are required to break even with other companies and compete with them. The India Retail Industry is gradually inching its way towards becoming the next boom industry. Now according to a survey, India is classified in to the fifth most attractive retail destination and second among the countries in Asia. Worldwide it is ranked as fifth most attractive retail destination.
Retail, Retailer, Organized Sector, Foreign Direct Investment, etc
