What is the reason for the recent emerging of more number of retail shops in India?

Question

Particularly by some giant groups like RELIANCE,TATA......
And point out the best one U like .

Answer 1

They want to copy Wall-Mart of USA. In India at present 7% of market is captured by big Malls. Wall-Mart policy is 'cheapest and best at any cost' this has one clear meaning that Malls are less ethical and find out ways to avoid tax payments. In India the retail shops has less future as Indian buyers prefer credit purchase and home delivery of day to day goods. Good thing is that small shops will still contribute in India's growth till good infrastructure like roads/ parking places are provided to Malls by local authorities.

Answer 2

In the recent years the people have seen a good growth in their earnings. And its not limited to one or two sectors like BPO or IT. The growth is there in almost all the sectors be it FMCG, Construction, real estate etc. Now since earning is growing competition is also growing and people are finding less time for there entertainment and less time for shopping. If you are an Indian then you would remember for buying defferent kind of things you used to go to different places like if you want to buy milk you will have to go to Milk Vendor, for monthly provisions you used to go to provision stores. Since, people dont have time they wish that there should be a place where they can find all the things under one roof. That's how the concept of Mall came in to being in other countries and now its coming to India. But one thing, things you buy at mall doesn't come cheap, so retail shops came into being where you can find all the things of daily use easily and also you save a lot of money if you make your monthly purchase at one place. These retail shops like BigBazar and Fabmall are offering some discount coupens also if your purchase is more than a particular amount. I believe its going to be a big money earner in coming days. You will see a lot of competition since big guys are also jumping in.

Answer 3

Well!!!!!!!!!!!!!! One small Correction: It was not a cryogenic satellite to the space... It was a cryogenic rocket carrying a satellite to the space!!!!!! Reason: * Detailed Analysis is under progress * It has been confirmed that the main engine has ignited * The status of Steering Engines is yet to be analysed Benefits on Success: * India would have proven its indigenous capability * India will be another master in cryogenics * Communication Satellite into orbit Future Plans: Please watch out!!

Answer 4

They biggest companies are want to capture a big market of India in foreigen style and compite to multinational companies with big investment through so many good offers like, super style of a/c showrooms ,some discounted price,range of qwality roducts and they are also trying for door delivery , so that they can stand in market for long term.

Answer 5

Because of its market size, and number of players are less. The growth in purchasing power in people, particularly in middle and upper middle class Families.

Answer 6

In India there is huge margin between price of procurement and final price to consumer. The intermediaries take away large profits for less service to consumers and producers. hence any one who can offer better service and better price to both the producers and consumers, they will be welcomed by public and their business will ultimately succeed.

Answer 7

Increased Consumerism, Recent technological development in communication system. Rural Public is able see glamorous world more economically and conveniently and their efforts to ward GLAMOROUS WORLD and desire to experience new electronic Gadgets etc.