Growth in the world economy, increase in India’s export, international trade and the immense growth of the retail sector will lead to significant number of jobs being generated in this sector. The total retail sale in India is expected to reach 674.37 billion by 2014 with expanding upper class consumer base. With the spread of retail chains, there will be more jobs created in the Tier II and III cities. This sector is expected to grow at a rate of 5.9% in 2011.
The Indian retail industry is the 5th largest in the world. It comprises of both organized and unorganized sectors and is also one of the fastest growing industries in India.
As the country has got high growth rates, the consumer spending has also gone up and is also expected to go up further in the future.
As this sector is booming in India, a career in retail sector promises good wages and growth potential for the ambitious youngsters. Retail management is associated with retailing business of departmental stores and shopping malls. There is a big demand for the retail management professionals to process all merchandise shipments, to achieve store sales and profitability and also communication with the clients to satisfy them.
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