India is a country of retailers. There are 12 million retail sources in India, contrasted with around 1,000,000 in the U.S. Most fall under what is known as the conventional retail classification: little retail sources, possessed and worked by an individual – usually known as mother and-pop stores in the U.S.

However, the retail atmosphere in India is developing more quickly than most places over the world. India currently has retail chains, strength stores and shopping centers – the cutting edge retail design. Retailers ought to look at India as an extremely alluring retail market. Since 2003, India has move from fifth to third to the main most alluring developing retail market on the planet, pushing Russia to number two, as per the A.T. Kearney Global Retail Development Index for arising retail advertises.

The India retail market has developed quickly and has the fourth biggest economy on the planet, which is bigger than the U.K. also, Germany on a buying equality value premise. There are a few reasons why India has become the top arising retail market. To begin with, the entrance of present day design retailing is just around three percent, so there is a colossal measure of space for development. Second, the retail market is assessed at $300 billion for every annum and developing at more than eight to 10 percent for each annum generally speaking, which is bigger than Russia and Brazil.

What’s more, current retail in India is required to develop by in excess of 35 percent for the following five to seven years. It is one of the quickest developing economies on the planet. Indian shoppers are getting wealthier and are requesting more from retailers. There are a few elements driving the development to present day retail in India.

Glimpse of Challenges Faced by Indian Retailers
Though India is one of the fastest-growing Retail Market many generalized challenges scare new entrepreneurs entering the segment. Competition from Unorganized Retailers are the biggest challenge that every business faces.