Since India's economy is booming the growth factors in Indian organized sector are various. In addition to that, the factors for the growth in Indian organized retail sector are the rise in number of young working population, hefty pay packets, more number of nuclear level families in urban areas, rise in the number of working women, increase disposable income and customer aspiration, growth in expenditure for luxury items and western influences. Due to the entry of several new players in the Retail sector in India, it has become one of the rapid growing and the most vibrant industries. The Indian Retail sector contributes to nearly 8.2% of the employment and above 10.5 per cent of (GDP) Gross Domestic Product in the country. In the retail space, India is ranked as the fifth among the largest international nations in the world. The Boston Consulting Group and The Retailers Association of India published a report titled, ‘Retail 2020: Retrospect, Reinvent, Rewrite ’, highlighting that by 2020, it is predicted that India's retail market will grow to nearly US$ 1.2 trillion from US$ 605 billion in the year of 2015, driven by attitudinal shifts, income growth and urbanization.
Retailing, RFID, Customers, Supply Chain, Services, Economy
