The continued economic development and the growing middle-class have fortified the position of organized retailing in the country.

The Indian retail sector is highly fragmented in nature and has the highest retail density in the world. A broad consumer base and an ever-increasing population have given the necessary push to the Indian retail industry to grow prodigiously. But the unorganized structure of the retailing was unable to tap the real potential of the Indian retail market. However, the continued economic development and the growing middle-class have fortified the position of organized retailing in the country.

Retailing is an important segment of any economy, both in relation to GDP contribution and share in total employment. The segment is labor exhaustive and contributes considerably to raise the employment level. The opportunities and scope for more employment in retailing sector can't be over accentuated. Currently, retailing is a new concept for the Indian market and is largely disorganized. Only 3% of the total retailing sector comes under organized retailing.

With the shopping mall culture catching up in the metros and plans of around 150 new malls slated to be launched by 2008, the retailing sector is poised to boom in the country. The departmental stores are growing at 24% annually. In the last two decades, the share of supermarkets in grocery and food has been multiplying.

The Analyst Magazine, Indian Retailing Sector, Economic Development, Indian Retail Sector, Indian Retail Industry, Indian Markets, Indian Retail Markets, FMCG Products, Fast Moving Consumer Goods, Bharti Enterprises, KPMG Reports, Vendor Managed Inventory, VMI, RFID Technology, Radio Frequency Identification Technology, APMC, Agricultural Produce Marketing Committee.