Why should you opt for a Career in Retail??
Retail in India picked up in the 1980s, when the country started to open its economy. Today, the Indian retail industry is evolving at a fast pace.
India ranks first in the 2005 Global Retail Development category, and is rated one of the most attractive emerging retail markets in the world. The share of modern retail is likely to grow from its current 2 percent to 15-20 percent over the next decade, analysts feel. No wonder a heavyweight like Reliance, The Aditya Birla Group, Spencers and international brands like Wal-Mart, Fossil, Metro are all planning to be in India!
With the organised retail segment growing at 25-30 p.c.p.a, revenues may triple from the current Rs.30,000 crores to Rs. 90,000 crores by 2010.
In the next few years, India will see at least two domestic retail businesses attain the magic figure of Rs.500 crores in sales.
Ever Rising Retail Industry growth figures.
From the current status of 150 billion US$ to an expected whopping figure of 370 billion US$
By 2008 end.
Employment opportunities to increase by nearly 80 lakhs from the present figure of 2 crores. |
