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Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1][2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3][4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5][6] As of 2003, India's retailing industry was essentially ...
The period from 1600 to 1871 saw an annual population growth rate of 0.22%. In comparison to other nations, industry and commerce grew rapidly during the same phase, driven by exports to Europe. The production of Mughal India was around 25% of the global industry output in the early phase of 18th century. The major products exported to Europe ...
The ecommerce industry was reported at $24 billion in 2017 and was recognised as the fastest growing industry in India. [16] The ecommerce market grew to $38.5 billion in 2018. [17] It is estimated that one in every three Indian shops via smartphone and online retailers deliver to 20,000 pin-codes out of the 100,000 pin-codes in India. [18]
[328] [329] India has retail market worth $1.17 trillion, which contributes over 10% of India's GDP. It also has one of the world's fastest growing e-commerce markets. [330] The e-commerce retail market in India was valued at $32.7 billion in 2018, and is expected to reach $71.9 billion by 2022. [331] India's retail industry mostly consists of ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...
In India, the country's informal sector accounted for over 80 percent of the non-agricultural industry during the last 20 years. Inadequate employment denotes the option for majority of India's citizens is to find work in the informal sector which continues to grow because of the contract system and outsourcing of production. [ 75 ]
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The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by small family-run ...