International Journal of Research in Economics and Social Sciences
  • Year: 2014
  • Volume: 4
  • Issue: 5

FDI and unorganized retail in India

  • Author:
  • Vivek Shaurya, Shailesh Pandey
  • Total Page Count: 14
  • Page Number: 9 to 22

Assistant Professor, Sinhgad Institute of Management and Computer Application

Online published on 27 August, 2014.

Abstract

Retail is the biggest employer in India and unorganized retail has really big chunk in it. It is obvious that organized retail is mostly penetrated in urban part of country which is small portion of this huge sector. Further, India's GDP has also growing at fast rate and now only second fastest after China. Foreign Direct investment plays important role in the growth of any country. Initially India was little conservative approach towards FDI but now country and especially retail sector is taking it seriously and understanding its role in new way. Unorganized retailer also have seen lot of differences in taste and preferences in consumer buying, the study of this shift can give a lot of help to this sector in improvement and fight against organized retail and FDI in Retail. There are various kinds of protest and different opinion from politicians and other unorganized retail groups were seen against the sector in recent past. This paper is written actually to find out how unorganized retail can take a clue from the FDI benefit outside country and improve in their functioning and mixes to compete at national level.

Keywords

Unorganized retail, Foreign Direct Investment, GDP, Taste & Preferences