India has witnessed a tremendous growth in the organized retail sector in the past decade. The industry is expected to grow at a higher rate in the coming years with the entry of global retailers, and the recent ease of doing business through FDI. The factors, such as increase in number of malls, higher disposable income, increase in the standard of living, have played a major role in the development of the retail industry.
Retailing in India accounts for over 10% of the country’s GDP, and the market was estimated at US$600 billion (2015), placing it in the top five retail markets in the world. Since the induction of Foreign Direct Investment (FDI) in 1997 in cash and carry wholesale stores, the market has reported higher growth. The decade of 2000 to 2010 attracted about US$1.8 billion in FDI for the country’s retail sector. This trend grew after 2011, when the government opened up the FDI reforms for multi-brand retail, paving the way for global giants such as Walmart, IKEA, etc. to enter the Indian market.
This has opened up lots of opportunities for the Indian players, and investors to exploit further the market. Apart from the big players, such as Pantaloon, Shoppers Stop, Spencers, Reliance, etc., other new comers have entered into the market, and increased competition in the industry. DART has been following the retail sector closely, and has associated with Retail Consulting firms in analyzing the trend and forecasting of the market. Apart from the analysis part, DART also helps retail organizations in setting up or expanding the retail business in association with retail industry expert.
We do an in-depth analysis of the market, starting from analyzing the pricing of products to footfalls in a retail store, and finally backing it up with the secondary data. For an in-depth analysis of the market, our team is guided by our industry expert, who provides insights on each points of analysis. Our expert Consultants work along with our team and provide full services in setting up retail business, and guiding to achieve the right market position.
We have onboard experienced Financial Analysts, who study the market thoroughly and provide highly accurate forecasting data to its clients. The accuracy comes from the fact that such reports reviewed by the industry expert with who work along with our team. Further, we provide suitable market strategy to achieve the forecasted numbers.
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