Planet Retail and Technopak Advisers Pvt.
The market for retail in India is, undoubtedly, uniquely complex in terms of the wide geographical spread and distinct consumer preferences that vary vastly in each region. Such diversity lends itself to a need for localisation within each of the geographic zones.
In addition to this, small retail outlets also prevent proper hygienic storage and movement of goods from farmers to consumers. The advantages of organised retail formats that include hypermarkets, large retail chains and privately owned retail businesses are fairly obvious.
Availability of better quality products, an improved supply chain, a one stop shop for varied choices of brands and products are some of the benefits that accrue to the consumer.
Such retailers are also considered more efficient and apt to cater to the diversified nature of consumer demands, besides doling out employment options for many in logistics, store management and quality checking.
But this is not to say that the unorganised sector has no advantages of its own. Proximity to consumers, credit sales, bargaining and convenient home delivery options act as a win-win for this segment of retail.
Small shopkeepers, often, maintain a good equation with their buyers, thus converting them into loyal customers over time.
By the same logic, organised retail has its share of disadvantages which include a lack of close interaction with customers and a long wait time for billing. At present, India is at the cross roads as far as the retail sector is concerned.
Several market economies have gone ahead and reaped the benefits of modern retail. India is, however, a late comer to organised retail expansion and the picture is not clear as to what the future holds. The jury is still out if organised retail will ever be able to overcome the unorganised retail sector in India.
The current sign of reforms, however, have heralded a wave of optimism for the retail industry in India. However, FDI policy was modified in April Some of the conditions laid down in the policy are: Tesco has signed an agreement with Trent of the Tata Group. It will require an additional years for the market to mature.
Despite all of this, there is little doubt that the Indian retail story is evolving at a frantic pace. And with favourable government policies and emerging technologies already in place, the future looks promising enough for this sunrise sector in times to come.Workers working in an unorganised sector face the following disadvantages – (i) They get less wages.
(ii) Employment is subject to a high degree of insecurity and the . The difference between organised and unorganised sector can be drawn clearly on the following grounds: Organised Sector is a sector where the employment terms . Disadvantages Of Unorganised Sector. Unorganised Sector The unorganised sector, covers most of the rural labour and a substantial part of urban labour.
lt includes activities carried out by small and family enterprises, partly or wholly with family labour. Unorganised sector comprises of small and scattered units that do not work under the control of the government.
Disadvantages of unorganised sector are as follows: regardbouddhiste.com: Workers in the unorganised sector are paid low wages which are often irregular.
Disadvantages This sector is able to absorb additional labour during peak seasons and let them off during peak periods. Lower skilled and qualified labour is also able to join the workforce/5(29).
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods.