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Retail

Overview

Almost all talk over the past few years has centered on the explosive growth of E-Commerce. Yet, while online retail has hogged all the attention, India’s retail industry has grown exponentially along with the country’s rise in middle-class spending.

Retail is one of the biggest contributors to India’s gross domestic product (GDP). It is a sector that has been driven by a rise in middle-class spending.

The transformations in the retail sector in India will very well be a reflection of the country’s overall growth.

Key Stats
  • The Indian retail market is expected to touch a staggering $US1 trillion by 2020
  • International companies such as Ikea, Gap, Hamleys, Bally are planning to enter the Indian retail market
  • Retail accounts for 8% of India’s employment
  • Rising middle-class, increasing urbanization, and rising disposable incomes will enhance retail consumption in India
  • India is the fifth largest preferred retail destination globally
Challenges
  • The retail industry has been bogged down by slow pace of reforms
  • Unorganized retail sector and the organized retail sector have struggled to find parity
  • Retail real estate continues to be in short supply
  • The retail sector is marked by high entry barriers
  • Extremely competitive market has resulted in greater pressure on retailers who are struggling to maintain margins and still satisfy the finicky price-sensitive Indian customer
Trends for the future
  • Global retailers such as GAP, Walmart, and IKEA are planning to establish their own stores in India
  • The retail sector is expected to generate more than 15 million jobs over the next few years
  • There will be a marked transition from traditional retail to organized retail
  • Rise in disposable incomes will see significant growth in the luxury goods retail segment

Selective Consultants in the Retail Sector

Selective Consultants is armed with in-depth insights into the employment conditions, skills in demand, sector trends, and benchmarks for the retail sector in India.

We anticipate deep demand for professionals in demand and supply chain and with logistics experience. Business to consumer space will see increased traction as well. Professionals with expertise in marketing, sales, and logistics will be in increased demand in this sector.

Our Expertise

How We Help

  • The retail sector is going to attract increasing participation from foreign and private players and we are well-positioned to meet their requirements once they start to make India their sourcing base
  • We build our database around our years of experience and support you as you face global challenges
  • We believe in recognizing talent and valuing relationships so that we are able to consistently deliver local, global, and industry expertise, for continued business success
  • We can fulfil job opportunities in areas such as quality assurance, inventory control, sourcing and buying, merchandising, and the key marketing and sales departments