Evaluate the impact of multi-brand retail on indian economy.
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The impact of multi - brand retail on Indian economy
Indian multi - brand retail economy has been divided in to two sectors, the organized sector and the unorganized sector.
Unorganized retail refers to the traditional approach of the low cost retailing, for example handcarts and pavement vendors.
The organized retail on the other hand refers to trading activities undertaken by licensed retailers for example those who are registered for the sales tax, such as supermarkets, hypermarkets chains and privately owned large retail business.
The organized retail industry is one of the budding sectors with massive growth potential and with its emergence Indian economy has really grown and gained and has led to population growth.
The Indian multi - brand retail ha led to privatization and globalization which in turn has led to more investments in the country.
Due to their financial clout, they often sell below costs in the new market
High costs borrowing forces the domestic players to charge higher prices for the products.
Loss of cultural and ethical values due to more influence of the other culture.
Indian multi - brand retail economy has been divided in to two sectors, the organized sector and the unorganized sector.
Unorganized retail refers to the traditional approach of the low cost retailing, for example handcarts and pavement vendors.
The organized retail on the other hand refers to trading activities undertaken by licensed retailers for example those who are registered for the sales tax, such as supermarkets, hypermarkets chains and privately owned large retail business.
The organized retail industry is one of the budding sectors with massive growth potential and with its emergence Indian economy has really grown and gained and has led to population growth.
The Indian multi - brand retail ha led to privatization and globalization which in turn has led to more investments in the country.
Due to their financial clout, they often sell below costs in the new market
High costs borrowing forces the domestic players to charge higher prices for the products.
Loss of cultural and ethical values due to more influence of the other culture.
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Impact of multi-brand retail on indian economy.
Explanation:
- The retail industry in India is the second-largest employer of people and an estimated 35 million people are engaged in this industry. Retailing India accounts for 10% of the share in GDP. The Retail market is estimated to be 600 Billion.
- Supermarkets and convenience stores account for about 4% of the industry. They are present in a large number of urban centers.
- The single-brand retailing has given 51% of ownership form multi brand companies like Walmart, Tesco, Nike, and Apple.
- The modern retail industry has spread over reach region with geographical diversity. India has the highest number of outlets per person that is seven per thousand.
- Companies like reliance retail, Bharti retail, shoppers stop, etc are some of the brand retail in the Indian economy.
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- brainly.in/question/3632233 answered by polletreru.
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