scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 457
CHALLENGES AHEAD FOR RETAILING Factors holding back the retail revolution in India There are several factors 1 Raising funds to even set up a retail outlet is very tough Though things have changed somewhat in the last three years it is far easier to raise funds to put up a factory than to put up a retail chain Development banking institutions like the ICICI or the IDBI were not open to funding retail ventures till recently Obtaining international funds is even more difficult The reason is retailing in India is so disorganized that there are no benchmarks to evaluate viability and profitability 2 Real estate is the second big limiting factor While the government is the largest landowner in the country very little has been done by way of real estate reforms As real estate prices are sky high most of the development work is taking place in out-of-town locations like Gurgaon just outside Delhi But the real revolution will take place when the government allows redevelopment of space within the city centre where the consumers traditionally live A For example if we take New Delhi South Extension an up market shopping centre in the southern part of the city seems in many ways a shoppers nightmare There is no access there is no proper parking area In short there has been no standardization in terms of development of that area as a retail option 3 Retail-friendly laws The third reason is that India still does not have retail-friendly laws When we look at the movement of goods from one state to another there are too many restrictions In case of retailing it is required to put in a whole lot of products from different parts of the country - at times from outside the country - on the shelf But there are multiple tax levels here Then there are laws like shops cannot be open for all seven days like
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA