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More on the ICRIER Study
Posted On: 28-04-2008 08:20:29 AM

As per a report in The Mint, the findings of the government-sponsored study has confirmed that there has been a decline in revenues and profits of small stores fighting large and deep-pocketed chains. However, the study sees this impact as temporary and predicts that its intensity will decline to nothing over a period of five years as the smaller retailers learn to cope and fight back. The observation is thought to be inspired by South India where supermarkets have existed side by side with local kirana stores for many years. The think tank's recommendations include modernization of "wet markets", or markets for fresh produce, through public-private partnerships; creation of wholesale outlets to which farmers can sell produce and from which small stores can procure it; ensuring access and availability of credit for small stores from banks and microfinance firms. In other findings presented to the government in March, Icrier said that between 2012 and 2017, small stores are expected to grow by 10% a year while big retail would grow by 45-50%. As a result, organized retail, which accounted for just 4% of India's overall retail market at the end of March 2007, would have a 16% share of the business by March 2012.

 
 
 

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