• 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.