Assignment on Sales and Distribution Management
September 8, 2009
ndia's retail sector is going to transform and with a three-year compounded annual growth rate of 46.64 per cent, retail sector is the fastest growing sector in the Indian economy. Traditional marketsare transforming themselves in new formats such as departmental stores, hypermarkets, supermarketsand specialty stores. Western-style malls have begun appearing in metros and near metro cities,introducing the Indian consumer to a new shopping experience. KSA-Technopak, a retail consultingand research agency, predicts that by 2010, organized retailing in India will cross the US$ 21.5-billionmark from the current size of US$ 7.5 billion. The Indian retail market is of enormous size about US$350 billion. But organized retail is not so huge and it is at only US$ 8 billion. However, theopportunity for growth is huge
by 2010, organized retail is expected to grow to US$ 22 billion. Withthe growth of organized retailing estimated at 40 per cent over the next few years, Indian retailing isclearly at a tipping point.E-commerce industry has touched 9210 crore, online classifieds: 820 crores, online travel: 7000
crores (30% jump from Rs 7,080 crore in ‘07) as per the survey conducted by the IAMAI and IMRB.
Online Travel Industry
: growth rate of 30% to Rs 7,0
00 crore by end FY08 (from 5500 crores in ‗07)
: reached Rs 820 crore by end FY08
Online retailing/auction (eTailing):
Rs 1,105 crore industries by end FY08 (from Rs 850 crore inFY07.
(i.e. downloading from Internet to mobiles using wap phones or web) and
(research/exclusive videos/articles etc) for the rest of 285 crores.