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Organized Retailing Culture Spreading Far & Wide to Rural India
The Indian organized retail market is passing through a transition
phase and
is poised to emerge as the most attractive retail destination across the
world, as per our new research report - "Booming Retail Sector in India"
-
that expects the market to reach US$ 50 Billion by 2011.
The report says that organized retailing has emerged as one of the
fastest
growing sectors of the Indian economy. The introduction of mall culture
in
the country has further intensified the expansion of the industry. With
increasing popularity of organized retailing, retailers have started
focusing on other retail formats too to raise the penetration level and
expand their current operations to untapped areas. Most of the retailers
in
India, including Reliance, Bharti and Express Retail Services, are now
shifting attention towards convenience stores to target those consumers
who
are not comfortable with shopping at big malls on the outskirts of the
cities.
Our report highlights that the retail transformation is not confined to
cities only and the trend is slowly creeping into rural areas too.
However,
the growth rate in rural settings is slower than that in urban dwellings
due
to infrastructure constraints. As per our report, the Indian rural
retail
market represents over 50% of total retail market in the country and is
expected to maintain its status quo in future as well. Many corporate
have
stepped into the rural retail market seeing the rising consumption
levels
and high growth potential as compared to urban market. Thus, the Indian
rural retail market is providing immense opportunities to retailers for
expanding their operations at their doorstep or in nearby areas.
Our comprehensive research "Booming Retail Sector in India" provides
quality
research and rational analysis on food and non-food retailing and modern
retailing, including processed food, private labels, online sales etc.
It
also helps clients with information on past and current market trends,
opportunities and factors making Indian retail market attractive and
challenges for the industry.
This report gives rational forecasts on organized and unorganized
retailing
in rural regions, organized telecom retailing, luxury goods market,
share of
private labels in retail sales, online sales, and IT revenue from the
Indian
retail industry.
About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It
has a
team of industry experts who analyze data collected from credible
sources.
They provide industry insights and analysis that helps corporations to
take
timely and accurate business decision in today's globally competitive
environment.
For more information visit:
http://www.rncos.com/Report/IM112.htm
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http://www.rncos.com/Blog/
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