As per Ashish Bhalla despite the fact that the retail part in India adds to around 10% in the GDP, it is the most immature division as far as speculations that are made in this area.
The government of India has introduced reforms to attract Foreign Direct Investment(FDI) in the retail industry. The development design in sorted out retailing and in the utilization made by the Indian populace will pursue a rising diagram causing the more up to date representatives to enter the India Retail Industry.
Growth :
Due to the large scope of business and high growth potential, India is attracting investors across the globe after U.S., Germany, China, UK, Canada, Japan, and France.
Opportunities :
Many international retailers are increasing their sourcing from India and are moving from third-party buying offices to establishing their own wholly-owned/wholly-managed sourcing and buying offices.
Challenges :
Due to the diversities in Indian policies not everyone has tasted success in retails industry in India.
Conclusion :
The retail industry is one of the fastest growing industry. The government has launched so many policies, making it favorable for business.
Indian retail business is now fully computerized. Every work is held online. The Indian retail industry is one of the fastest growing in the world.
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