Essay on Retail Revolution in India
A retail revolution is taking its roots in India. Though a new phenomena, yet it is making fast strides and is visible everywhere. In a very short span of two years, it has exploded on the Indian firmament as a huge business opportunity.This vast multicultural country India is transforming from a socialist economy to a consumption led creative economy. Retailing in India is poised for boom time due to unprecedented surge in domestic consumption. Organised modern retail today forms around 9 per cent of total retail in the country. ADVERTISEMENTS: Changing demographic profiles, increasing income levels, changing lifestyles, urbanisation, technological advancements and liberalisation and globalisation have brought about a dramatic change in consumers aspirations choices, preferences and tastes as well.In this scenario when the population is ageing that is 50…