1Assistant Professor, Department of B. Com (CA), Tiruppur Kumaran College For Women, Tirupur, Tamilnadu, India
2Associate Professor, PG and Research Department of Commerce, Gobi Arts and Science College, Gobichettipalayam, Tamilnadu, India
Online published on 8 August, 2018.
Retailing today is the fastest growing sectors in the global economy and is under transition phase, not only in India, but throughout the world. While the retailing industry is the age old phenomena, it has witnessed so much dynamism only in the recent past. Retail trade has emerged as one of the largest industry contributing to employment generation, revenue generation, increased turn over and many more. India's retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, and within this, modern trade would expand twice as fast at 20 per cent per annum, driven by income growth, urbanisation and attitudinal shifts. The organised retailing refers to the trading activities undertaken by a licensed retailer that is those who registered themselves for sales tax, income tax, etc., While there is so much optimism about organised retailing on one hand there are plenty of roadblocks for the organised retail formats in the country.
Retailing, Organised retailing, Unorganised retailing, Kirana shops
