The retail industry includes any businesses that offer products and services to
consumers. There are several retail sales worldwide, such as grocery, convenience
stores, super markets , department stores, electrical suppliers, hardware retail etc.
The current Indian market for retail industry is very huge and has a broad scope with the increasing number of convenience stores , hypermarkets, digital and E retail, the needs of the consumers has become very niche and specific in nature. The Indian retail market size was INR 91,891 billion in 2022 and growing at a steady rate.Contribution of retail to GDP is 10%. The contribution of retail industry to employment is 8% of the overall population of India is associated with the sector.
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