Role of Retail Sector in Formation of Atmanirbhar Bharat
DOI:
https://doi.org/10.5281/zenodo.12224175Keywords:
retail, fdi, indian economy, emerging marketAbstract
After agriculture sector in India retail sector employes most people at 8% of total employment and 10% of total GDP comes from retail sector. India is ranked 73 in the United Nations Conference on Trade and Development's Business-to-Consumer (B2C) E-commerce Index 2019. India is also the world’s fifth-largest global destination in the retail space and ranked 63 in World Bank’s Doing Business 2020.
The Indian retail sector is one of the most exciting and under penetrated markets in the world and because of rapid urbanization and changing consumption patterns; India has witnessed a revolution in the last two decades. The entry of the leading corporate houses into retail created a surge of growth in the industry. India tops in the list of emerging market for global retailer and India’s retail sector is expanding and modernizing rapidly in line with India’s economic growth projections for the future. The Indian retail market is estimated to be worth more than US$ 500 billion currently.
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