Know all about how retail has been an emerging sector

The retail industry has been at the helm of India’s growth story. This industry accounts for about 14-15 percent of the country’s gross domestic product (GDP).

Earlier the Indian shopping took place in open small grocery or kirana stores. Access to the product shelf, space was limited and examining before buying was a concept alien to the people. Hence, a surging need for retail outlets or departmental stores was felt in order to improve consumer satisfaction. The sector has evolved dramatically from traditional village fairs and street hawkers to splendid malls and plush outlets.