Organized Retailers' Effect on GDP

Abstract

The retail sector is currently one of the fastest growing sectors of the Indian economy. Numerous players in India and beyond have emerged as a result of the retail revolution, which has also brought about many changes. Since only a small portion of the Indian market is now organised, many retail entrepreneurs can find space in this sector. The retail sector has experienced significant growth in recent times. In India, the unorganised retail sector accounts for the bulk of sales, with the organised sector comprising only around 3% of the overall retail market. Several studies show that the organised retail business, which is under fierce competition, constituted a threat to the unorganised sector. This study examines how the organised sector affects the unorganised sector and how organised retailers affect GDP. This essay is a meagre attempt to assess organised retail's effects from a number of perspectives and to suggest possible areas for further research into the unorganised retail industry.