Retail, media, FMCG score highest in labour index

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Bangalore June 1

With organised retail growing at an annual average of 45 per cent, the retail industry is gaining higher weightage in the overall sectoral employment outlook ranking.

The retail, media and FMCG sectors together score highest with eight points in the 2006 Retail Labour Index followed by the infrastructure sector (7 points), said a study `South India Retail & Realty Report: 2015 and Beyond', conducted by Images F&R Research, with real estate services firm Cushman & Wakefield as its knowledge partner, released by the Governor of Karnataka, Mr T.N. Chaturvedi, here.

The report deals with the southern retail market in its entirety, with special focus on the food and apparel retailing segments, besides exploring the real estate market in the South.

The retail market in South India is valued at Rs 2.62 lakh crore (at 2006 current prices). Of this, the size of the organised retail market in 2006 stood at Rs 12,825 crore, comprising 4.9 per cent of the total retail market.

In nine out of 13 retail categories, the southern market is better organised than the country average.

Organised retail

Of the southern States, the organised retail constituent is the largest in Karnataka (5.3 per cent), followed by Kerala (4.8 per cent), Andhra Pradesh and Tamil Nadu (4.7 per cent).

Food and grocery is the largest retail category (South India - Rs 1.62 lakh crore; all-India - Rs 7.43 lakh crore), of which 1.2 per cent is organised in the South against 0.8 per cent for all-India.

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