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JYOTI INSTITUTE OF MANAGEMENT SCIENCE & TECHNOLOGY
Approval No. DEC/
JRN Rajasthan Vidyapeeth Udaipur
B++ University accredition by NAAC
Retail Management
Duration :- 3 Years
Semester :- 6
Eligibility :- 10+2 in any discipline
JGE is also starting the bachelor course in retail management because today scenario in India, the retail industry is large. Retail is the country’s largest source of employment after Agriculture, has the deepest penetration into rural India, and generates more than 10% of India’s GDP(Source: FICCI, ICICI Property Services Study). With close to 12 million retail outlets, India has the highest retail outlet density in the world.
The past decade has witnessed a tremendous revolution in the Indian retail scenario. Market liberalization and an increasingly assertive consumer population is now sowing the seeds of a retail transformation that has started bringing in bigger Indian and multination operators on to the scene. With the advent of these players, the Indian consumer is on his way to become the king of the market place as what his counterparts in the more developed countries of the world have been for decades.
The Indian retail sector is worth roughly $292 Billion, and roughly 2% of this is classified as organized retail. Of the 12 million stores in India almost 95% are less than 500 sq. ft in area. The retailing sector in India is expected to grow at roughly 8.3% during the next 5 years, with organized retailing growing at rates anywhere between 24 to 49%.
“The retail Industry in India is now a sunrise sector which is expected to produce more than ten million employment opportunities in the next four to five years” |
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