Neha Grover- Retail SC - Linkages of the Retail Supply...

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Linkages of the Retail Supply Chain “The time has come to link ecology to economic and human development”- Edward O. Wilson A look at India’s retail sector tells the story of how things have changed in the Indian economy. India has witnessed a frenetic pace of retail development in the recent times and today, retail sector is one of the largest sources of employment. Goldman Sachs has estimated that the Indian Economic Growth could actually exceed that of China by 2015. According to the 8th Annual Global Retail Development Index (GRDI) of AT Kearney, Indian retail industry is the most promising and emerging market for investment. The contribution of retail to Gross Domestic Product (GDP) has increased from 12% in 2009 to 22% in 2010 which undoubtedly makes India, one of the fastest growing economies of the world and gives immense opportunities to the entrepreneurs, investors and researchers interested in the global economy. This pace of high growth is expected to continue due to huge investments via entry of organized players and multinationals. It is estimated to grow from US $ 336 billion to US $ 590 billion in 2011 and US $ 833 billion by 2013 (source: A. T. Kearney). These economic changes have resulted in hectic activity in the retail sector and a lot more is on the anvil. An increased sophistication is observed in the
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Neha Grover- Retail SC - Linkages of the Retail Supply...

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