Retail Sector All Set To Boom

The government is all set to allow almost 100 percent foreign direct investment (FDI) in retail sector, the retail sector is all set to grow and boom. The retail sector which has taken a setback due to recession causing a few firms to go for a close down. The firms were hit badly and they recorded a constant decrease in sales over the past months. The new policy by the government will certainly help the retail sector to come up and open doors for new companies to enter into the Indian market and provide a new range of products to the consumers. The growing income and the increase in purchasing power by the people will also add to the further growth of the sector.

Players like Wall Mart have already made their way in the market and are in the starting phase and now they can increase their share in the market by putting more of investment. Other retailer companies like Tesco is also entering the Indian market with   joint venture with Indian firms. The organized retail sector which accounts for just 3 to 5 percent will increase and this gives more job opportunities in retail sector.  

The policy thus expected to be a boon for the sector is waiting for the acceptance by the members and will certainly add to the growth of organized retail in the Indian market.