The Indian Retail sector has come off age and has gone through major transformation over the last decade with a noticeable shift towards organised retailing. A T Kearney, a US Based global management consulting firm has ranked India as the fourth most attractive nation for retail investment among 30 flourishing markets.
The retail market is expected to reach a whooping Rs. 47 lakh Crore by 2016-17, as it expands at a compounded annual growth rate of 15 per cent, accordingly to the ‘Yes Bank - Assocham’ study.
The retail market, (including organised and unorganised retail), was at Rs. 23 lakh Crore in 2011-12. According to the study, organised retail, that comprised just seven per cent of the overall retail market in 2011-12, is expected to grow at a Compound Annual Growth Rate (CAGR) of 24 per cent and attain 10.2 per cent share of the total retail sector by 2016-17.
The retail, wholesale, and distribution industry has entered a period of transformation. The backbone of any good business model for the retail, wholesale, and distribution industry should address four catalysts that drive disruption: The economy, enabling technologies, platforms, and consumer mindset. In this latest retail, wholesale, and distribution industry analysis, we will focus on the four disruptors that most directly affect our industry.