The Indian retail market is estimated to be US$ 600 billion and one of the top five retail markets in the world by economic value. India is one of the fastest growing retail markets in the world, with 1.2 billion people. India’s retail and logistics industry employs about 40 million Indians (3.3% of Indian population).
It generates huge employment opportunities. This has changed the face of retailing in India. As the sector is booming in India, a career in retail sector is promising a growth potential for the ambitious youngsters. The candidates are trained in supply chain management, finance management, marketing information, electronic retailing, marketing and business communication, customer relationship etc. With rapidly expanding departmental stores and huge shopping malls, plenty of job opportunities are opening all over India. Career in retail sector can be developed as store manager, retail managers, retail buyers, retail designers, visual merchandisers, merchandise planning and product developers.
Many multinational companies have come forward in the retailing business. Reliance Group, ITC Retail, Aditya Birla Group, Tata Group’s Trent & Westside, Subhiksha, Shoppers Stop, and Future Groups Big Bazaar & Pantaloons, Apparel Chains, Raymond’s, Arvind Brands, Lifestyle.