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Saturday, December 16, 2006
Retailers Boom in India
It is a very heartening news to read that India is topping the list of Retailers and Shoppers all over the world.In India there are 11 shops per every 1000 persons which means that there is a shop after every 20-25 families. This density is more in the cities. World over this picture is different esp. in U.S.,U.K and Singapore. U.K has the maximum i.e. 5 shops per 1000 persons.
This chunk of retailers,shopkeepers and those who are self employed account to about 50% of the employment.Out of these most of the persons have their family business of long years. These retailers,Shopkeepers and traders belonging to unorganised sector provide employment to more persons as compared to organised sector.
But with the advent of the "Mall" culture getting spread like mushrooms in mega cities, this picture will change. These BIG Retail outlets offering every item from "a pin to an elephant "and that too at a cheaper price with better quality, as compared to that offered by a Retail shopkeepers or the vendors, will definitely attract more customers. It is quite evident that these retailers, vendors, shopkeepers etc. will have to down their shutters sooner or later.
In order to strike a balance between them, the government will have to work out some scheme to see that the unorganised sector is not deprived of their livelihood.

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posted by Ajitkumar Wagle @ 12:09 AM  
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