Paradigm Shifts in Indian Retail – Trends and Prospects

This paper studies the following concepts: Indian Retail Industry, its present trends and futurs scenarios.   The planned retail outlets in growing cities in India have important pipelines and such metros are satisfactorily large and diverts to accommodate a huge variation of new ordered layouts.  The cities categorized as developing and Emerging have chances of large development in organized retailing due to quickly changing economic and market situation, which is well explained in the study.  The study on retail business practices expresses the factors that lead to a deviation in the retail segment is because of the presence of heterogeneous groups of consumers with varying buying power, their value consciousness, entry of new brands in the Indian markets and availability of Indian based retailers with aggressive and ambitious expansion plans. While concluding the study it is seen that there occurs a large number of global retailers who are interested to the entire Indian market with favorable Government policies and emerging technologies already in place looks promising enough for the growth of the retail sector.