Hi, need to submit a 1250 words paper on the topic Retailing in India. Clothing and footwear also account for 10.5% of the total sales in retail. The “entertainment, books and sports goods equipment”

Hi, need to submit a 1250 words paper on the topic Retailing in India. Clothing and footwear also account for 10.5% of the total sales in retail. The “entertainment, books and sports goods equipment” registered a CAGR of 21.3% in the financial year 2007 and 2012. According to Research and Markets, the retail industry in India has grown at CAGR of 14.6% in the financial year 2007 to 2012. The growth is influenced by the growing economic rate, change in the consumption pattern of the populace which is driven by the higher standard of living, a greater proportion of women, growth in middle-class population and the increased level of penetration of organized retail segment. Despite the prevailing growth rate, the retail segment of India remains fragmented with the organized sector still accounting for a minuscule percentage of the total market size of the Indian retail market. The organized retail segment, however, accounted for a CAGR of 26.4% of the total retail. However, with global and Indian economy reviving from post-recession, the organized retail segment has witnessed a gradual increase in the footfall during FY2011 (Research and Markets, 2012).