Retail industry & Its impact on Indian economy

The Indian retail industry is the fifth largest in the world. Comprising of organized and unorganized sectors, India retail industry is one of the fastest growing industries in India, especially over the last few years. Though initially, the retail industry in India was mostly unorganized, however with the change of tastes and preferences of the consumers, the industry is getting more popular these days and getting organized as well. With growing market demand, the industry is expected to grow at a pace of 25–30% annually. The India retail industry is expected to grow from Rs. 35,000 crore in 2004–05 to Rs. 109,000 crore by the year 2010.