Abstract :
Indian retail industry is at nascent stage. India, being one of the most attractive
emerging markets, is experiencing a radical change in its retail industry. Rapid
development of retailing in India has led to expansion of organised retail stores
both in metros and in smaller cities. The current research is directed to understand
the concepts of retailing and its evolution. This paper explores various stages a
retail industry goes through and simultaneously discusses the stage to which
Indian retail industry belongs to. The study indentifies a huge scope for
expansion of Indian retail business
Keyword :
Retail industry, Indian retail, Retail concepts, Retail evolution, Organised retail, Emerging retail markets