The Changing Facets of Indian Retail Sector with reference to the Growth of Organized Retailers Balaji K.*, Dr. Maheswari R.** *Ph.D Scholar, Management Studies, Research and Development Centre, Bharathiar University, Coimbatore, India **Professor & Head, IFET College of Engineering, Gangarampalayam, Villupuram Online published on 19 June, 2014. Abstract Retailing is one of the pillars of the Indian economy. The retail sector in India is dominated by the unorganized players with the overall market share of 92%. The organized retailers with the current market share of 8% are witnessing huge potential growth in India. According to FICCI 2012 the organized retailers will increase six-fold from the current 27 billion USD to 220 billion USD in 2020, with a market share of 20%. Organized retailing format have attracted Indian consumers in a significant manner. The consumers have undergone different experience when compared to the traditional small retail stores purchase. A.T. Kearney's Global Retail Development Index™ (GRDI) ranked India 14th in the overall growth for Retail industry among developing countries. When comparing to last year India falls 9 spots. In this current scenario this paper makes an attempt to study on the Indian Retail Industry and its changing facets. Second to highlight the contributing factors for the growth of organized retailers in India. Third to confine that organized retailers will have concrete growth which will show a long term prosperous for the Overall retail sector growth. Thus in long term under global perspective among developing countries, India will bounce back to the radar with robust growth in Retail. Top Keywords Retail Sector, GRDI, Organized Retailers, Government Initiatives. Top |