ORGANIZED RETAIL SCENARIO IN INDIA: AN OVERVIEW
Organized retailing has emerged in a big way since 2000 on wards and with it. We are witnessing the emergence of new forms of retailing. Trading of goods has been in existence since time immemorial. It is only in the recent past that buying and selling of goods have become more of a formal and brand dominated activity. With the increase in competition in the retailing market, retailers are seeking new consumer groups and new ways to tap this market, retailers are seeking new consumer groups and new ways to tap this market. Ultimately this has lead to the development of a very complex retail environment.
India has been operating with its unique concept of retailing though the most recent mall boom started in 1999 with Ansal’s Plaza and crossroads. Initially it wastes weekly haats where goods were put on display by Vendors. Although this practice is still prevalent in small towns .Then came the emergence as Kirana shops situated in the neighborhood and one can find such a shop in every locality which stocked goods of multipurpose utility and produced convenience of shopping to the consumers.