Retail Scenario in India

India has added 930 billion USD to its economy since last 10 years and it is expected to multiply 3 times in the next 10 years. The consumption in India amounts to 795 billion USD wherein retail accounts for 435 billion USD which in turn divides into 55% spend in urban India and balance 45% in rural India. However , organized retail accounts to only 5 % of the available pie.

With GDP expected to triple in the coming decade coupled with changing consumers’ behaviour, the modern retail is expected to grow by approx. 10 times.

Current market shows a good visibility to new trends in the retailers’ market i.e., manufactures opening their own outlets, dominance of pure play retailers, entry of world biggies in Indian market and private labels establishing their foothold.

Compounded by both the pace of development in retail and brand, the fast evolving life style changes of the consumers are deciding the future of Indian retail. The changes in Indian retail and consumer’s end are happening at such a fast pace that latent demand for quality products and services in India, remains untapped.

Indian consumers’ busy day schedules has led weight to one important factor -shortage of time. This has become a major concern for a common man today and concepts like “ All under one roof”, “Online buying” and “Ready to eat” are gaining the say in Indian retail market. It is therefore very important for Indian retailers’ and related industries to anticipate the change and innovate to meet the consumer’s growing needs.

Indian Retail Market – Today and Tommorrow

About rai, the Organizer

Retailers Association of India (RAI) is the unified voice of Indian retailers. RAI works with all the stakeholders for creating the right environment for the growth of the modern retail industry in India. RAI is the body that encourages, develops, facilitates and supports retailers to become modern and adopt best practices that will delight customers.

RAI has a three charter aim

1. Retail Development
2. Retail Facilitation
3. Retail Propagation

With the above objective in mind, Retailers Association of India (RAI) always strives to bring best practices to the retail industry and it's stakeholders. RAI's efforts center around advocacy and government representations, bringing best practices to the industry, fostering retail learning and training, creating a reservoir of information through retail research, disseminating communication through magazines, newsletter, website, etc. for the benefit of it's members and the industry.

Retail Leadership Summit (RLS)-2011, An Overview

India is a nation of shopkeepers with innovative competencies to delight customers. The evolutionary process has been quite exciting for modern retailers. Keeping this in mind, modern retailers have to re-examine the traditional methods of retailing, constantly upgrade processes and practices and develop them, in order to increase their market share. In doing so and in response to such experiences, there have been crucial lessons to learn.

Also, India for the fourth time in five years, has been ranked as the most attractive nation for retail investment among 30 emerging markets by the US-based global management consulting firm, At Kearney, in its eighth annual Global Retail Development Index (GRDI) 2009. India remains among the leaders in the 2010 GRDI and presents major retail opportunities. The government of India is now discussing about allowing FDI in multi-brand retail.

With an aim to cull out and share the best practices that are worth replicating and considering that Indian retail is on the growth path again, the strategic focus for the retail industry is on how to increase consumption levels. In line with it, the Retailers Association of India (RAI) organized its 3rd two-day ‘Retail Leadership Summit’ in Mumbai, at the Jamshed Bhabha Theatre, NCPA from January 20-21,2011with the central theme titled as ‘UNLEASHING INDIAN CONSUMPTION POTENTIAL’.

Retail Leadership Summit focussed on creating a vision for modern retail and eminent speakers from global and Indian retailing organizations shared their experiences and best practices with the outside world at this common platform.

Apart from above,RLS 2011 provided a platform, where Indian and International business leaders shared their thoughts, interacted and ideated on ruling practices and proven solutions from the world over.The summit had sessions on various formats of retailing, including hypermarkets, luxury retailing, multi-channel retailing, visual merchandising and store design, food and entertainment retailing, investments in retail and home and furnishing.It gave various industry verticals a chance to meet retailers, develop sustainable relationships and win new partners.

Leaders Perception

TPC’s Participation

TPC - A Support Partner

1. Exhibition

TPC’s primary objective has been to promote usage of Tinplate in the country by highlighting its technical, environmental and economical benefits to the packaging sector. The Council has always played an active role in spreading awareness through marketing, publicity and publications across the country.

In line with above and understanding the growing need of Indian Retail sector, TPC participated as one of the exhibitors in RLS’2011. The council showcased its variety of cans , new designs & shapes and highlighted the advantages to pack in the tinplate. TCIL executives on behalf of TPC interacted with the visitors from the retail sector and discussed about the development happening in tin cans.

(TCIL executives on behalf of TPC interacting with the visitors at TPC’s pavilion at RLS’2011)

(TCIL executives on behalf of TPC interacting with the visitors at TPC’s pavilion at RLS’2011)

2. Conference

Concurrently, two days conference cum interactive sessions were also organized by RAI at the same venue on 20th Jan, 2010 and 21st Jan’2010. The theme of the conference was same as the title theme for the summit-‘UNLEASHING INDIAN CONSUMPTION POTENTIAL’. The topics discussed during the two day programme are listed as follows :