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January to March 2025 Article ID: NSS9057 Impact Factor:8.05 Cite Score:6345 Download: 111 DOI: https://doi.org/10.63574/nss.9057 View PDf
A Comprehensive Study of the Retail Sector’s Impact on India’s GDP
Mr. Sourabh Kudarya
Assistant Professor (MBA) LNCT Group of College, Bhopal (M.P.)Mr. Saurabh Awasthi
Student (Commerce) LNCT University, Bhopal (M.P.)Ms. Vaishnavi Rajpoot
Student (Management) LNCT University, Bhopal (M.P.)
Abstract: The retail
sector plays a pivotal role in the economic development of India, contributing
significantly to the nation’s GDP. This study examines the dynamic role of
retail in shaping India’s economic landscape, focusing on its impact on GDP
growth, employment generation, and investment. With the rise of organized
retail, coupled with the expansion of e-commerce, the retail industry has
evolved from traditional small businesses to a more structured and
technologically advanced sector. Through the analysis of data from various
sources, the study highlights the correlation between retail sector performance
and GDP growth over the past decade. The research also explores the influence
of government policies, foreign direct investment (FDI), and digitization in accelerating
the sector’s growth. Furthermore, the study delves into the challenges faced by
the retail industry, such as regulatory barriers and competition from global
players.
The growth of Indian organized retail market
is mainly due to change in consumer behaviour. The scenario of Indian retail
sector is very dynamic and varied. These papers provide information about the
change in consumer income and their behaviour. This paper also provides the
information about the current and future scenario of the retail sector.
Keywords: Retail
Sector, GDP, E commerce, FDI, Global Players.














