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Global Trends In Retail Industry Essay

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2.7 Global Scenario
India is predicted to be the next successful destination for overseas investments in regard to retail. Though there have been many hiccups in the global Economy but dispite the fact Indian Economy is growing steadily. India has been ranked as the 4th most attractive destination for retail investment among 30 emerging markets.
By Comparison in Asia we see China majorly but as well as Dubai, Singapore, Russia which are currently booming in the said sector. If we compare in the west we see USA, Brazil, UK, Germany we can draw the comparison. The retail is one sector which affects a nation’s economy with a great impact either positive or negative. To study the Trans national scene, the nation wise strategies are given below along with its impact upon the nation.
• China
FDI was permitted in the year 1992 which led to great investment in the nation. Safely we can say that it has not affected any domestic or minor retail shops as the statistics suggest that number of small retailers has increased to 2.5 million from 1.9 million since 2004.
• USA
The nation generally held responsible for the organised retailing is the USA. It has the most well …show more content…

Retail industry in India is expected to grow to US$ 1.3 trillion by 2020. The country is among the highest in the world in terms of per capita retail store availability with small retail stores taking the majority of share. India’s retail sector is on a path of tremendous growth, with retail development taking place not only in major metros, but also in Tier-II, Tier-III cities and towns. strong economic growth, increasing per capita income, a growing middle class, urbanization, changing consumer preferences are some of the factors driving growth in the retail market in India. India’s population is taking to online retail in a big way. The online retail market is expected to grow from US$ 6 billion to US$ 70 billion during

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