Retail and E-Commerce India – The Top Retail Country In the Past Decade
Introduction & Snapshots
The retail market has undergone a sea of change, with e-commerce facilitation. It has seen tremendous growth in the last decade. The retail market is set to grow at a rate of 30% for gross value $200 billion by the year 2026.Indian retail industry has emerged as one of the most dynamic and fast-paced industries due to the entry of several new players. Total consumption expenditure is expected to reach nearly US$ 3,600 billion by 2020 from US$ 1,824 billion in 2017. It accounts for over 10 per cent of the country’s gross domestic product (GDP) and around eight per cent of the employment. India is the world’s fifth-largest global destination in the retail space.
India ranked 73 in the United Nations Conference on Trade and Development’s Business-to-Consumer (B2C) E-commerce Index 2019. India is the world’s fifth largest global destination in the retail space and ranked 63 in World Bank’s Doing Business 2019.
India is the world’s fifth largest global destination in the retail space. In FDI Confidence Index, India ranked 16 (after US, Canada, Germany, United Kingdom, China, Japan, France, Australia, Switzerland, and Italy)
Market Size, Growth ,scope & investment opportunities
- India has a host of factors that back the progress, including a huge population. E-commerce majors aim to invest $1 billion in digitizing the small and medium-sized industries in India. The cut in corporate taxes, to invite more foreign investments is a boon. A 3% increase in household incomes has further added to the craze. Retail industry reached US$ 950 billion in 2018 at CAGR of 13 per cent and is expected to reach US$ 1.1 trillion by 2020. Online retail sales were forecast to grow 31 per cent y-o-y to reach US$ 32.70 billion in 2018. Revenue generated from online retail is projected to reach US$ 60 billion by 2020.Revenue of India’s offline retailers, also known as brick and mortar (B&M) retailers, is expected to increase by Rs 10,000-12,000 crore (US$ 1.39-2.77 billion) in FY20.India is expected to become the world’s fastest growing E-commerce market, driven by robust investment in the sector and rapid increase in the number of internet users. Various agencies have high expectations about growth of India’s E-commerce market.
Investment Opportunities
Government of India has allowed 100 per cent FDI in online retail of goods and services through the automatic route, thereby providing clarity on the existing businesses of E-commerce companies operating in India.Indian retail market is projected to reach USD by1.2Tn by 2020. India ranked 1st in Global Retail Development Index (GRDI) in 2017. Retail is a key growth driver for India, contributing 10% to the country’s GDP. India is set to become the 3rd largest consumer economy by 2025, with an expected consumption expenditure of USD 4 Tn. The total investment opportunity is worth of USD 15.87 mn as nos 44 Investment opportunity are available throughout India. The World Media Network has a tremendous industry reach and comprises of coverage in major European markets and also encourages collaborations with other developing nations across the world. The company is capable of releasing information and press releases on the retail sector and e-commerce sector. It aims to promote more exports from India, as a result of which the economy gets a boost.
India’s retail market is estimated to reach $1.75 tn by 2026, from $0.79 tn in 2018, growing at a CAGR of 9-11%, driven by socio-demographic and economic factors such as urbanisation, income growth and rise in nuclear families. On the other hand, the Indian e-commerce industry is expected to cross $200 bn mark by 2026.
The E-commerce market in India is also set to grow at a CAGR of 30% for gross merchandise value to reach $200 bn by 2026, and have a market penetration of 12% compared to 2% currently.
India is largely an unorganized retail market, contributing 88% to the total retail sector in India. The organized retail market is currently valued at $60 bn, while the unorganized market holds the rest. The share of the organized retail market is projected to increase to 22-25% by 2021, thereby reducing the unorganized retail market’s share to 77%. The organized retail market, therefore, has the potential to reach approximately $140-160 bn.
SCOPE- INVEST INDIA – “WMN” VITAL ROLE IN TERMS OF FDI
”WMN” is playing an important role in all the categories and sectors,
“ WORLD MEDIA NETWORK” is venturing into a Press Release distribution company covering over 180 countries and more than twenty-five languages across the world. Covering Digital News, Television, Print, Radio, Billboards, Airports, Multiplexes,Talk shows .
Press releases are based on Industry standards and timely Coverages help in business development and scope of growth among the countries and FDI’s “WMN” is helping upcoming n existing businesses to grow within the perpetual business as the government is working towards domestic and international Tie-Ups .
Most service-oriented industries need to be promoted through WMN with direct and indirect participation and looking for opportunities for Franchising modules in the world.
“WMN” LEAD GENERATION
There are two types of lead within the lead generation market: sales leads and marketing leads. A Sales lead is generated on the basis of demographic criteria such as FICO score (United States), income, age, home Income, psychographic, etc. These leads are resold to multiple advertisers. Lead generation describes the marketing method of stimulating and capturing interest in a very product or service for the purpose of developing a sales pipeline. Lead generation typically uses digital channels and has been undergoing substantial changes in recent years from the increase of the latest online and social techniques.
MINISTRIES OF THE GOVT.OF INIDA “WORLD MEDIA NETWORK” ASSISTANCE
“ WMN’’ will guide the corporates/ company/ individuals in establishing the business in India depending on the states to get the required permissions from the Ministries of The Government of India.
The Ministries include
Ministry of Health
Ministry of Railways
Ministry of Power
Ministry of Electronics & Information & Technology
Ministry of Communication
Ministry of Tourism & Transport
Ministry of Civil Aviation
Ministry of Petroleum & Natural Gas
Ministry of Chemicals & Fertilizers.
Ministry of Commerce & Industry
Ministry of Ayush
Ministry of Agriculture & Farmers
Ministry of Department of North East region
Ministry of Earth Sciences
Ministry of Environment, Climate change & Forest
Ministry of External affairs &Finance
Ministry of Fisheries, Animal Husbandry, Dairying
Ministry of Heavy Industries& Public Enterprises
Ministry of Home Affairs, Housing &Urban Affairs.
Ministry of Human Resources Development
Ministry of Information &B broadcasting
Ministry of Jal Shakti
Ministry of Law &Justice
Ministry of Labour &Employment
Ministry of MSME’s
Ministry of Mines
Ministry of minority affairs
Ministry of New & Renewable Energy
Ministry of Panchayat Raj
Ministry of Parliamentary Affairs
Ministry of Personnel, Public Grievances & Pension
Ministry of Science & Technology
Ministry of Rural Development
Ministry of Road Transport & Highways
Ministry of Shipping
Ministry of Skill Development & Entrepreneurship.
Ministry of Social Justice & Empowerment
Ministry of Steel, Textiles, Tribal affairs.
Ministry of Women & Child Development
Ministry of Youth Affairs & Sports
Ministry of Statistics & Programme Implementation.
RURAL MARKET IN INDIA& INVEST IN INDIA
“WMN”STRATEGY
Importance of brand visibility in Rural Markets of India for high brand Recall & Pull. It’s easy to ignore other languages if one the dominant language makes up the majority. While English does make for the majority, there is a section that only consumes content in a regional language and this section could be your most important target audience. To be present Indic content we also encouraging websites to enagage consumers in multiple languages.
”WMN”is going to support in many ways through various resources. In Moral, Development of any country not only depends on the continuous development of the urban areas but also relies on the development of the small towns and rural areas. Government, as well as individual actions together, contribute towards the success of any country as a whole. The Major industries in Rural market segments are mainly covered with as….
1)FARMING
2) ORGANIC FARMING.
3)LIVESTOCK FARMING
4)FISH FARMING
5)FIVE STORES IDEAS ie SEEDS & FERTILIZERS STORE,GROCERY STORES,ICECREAM & SWEET STORES,CLOTHING & CHEMISTS STORES.etc.
6) DAIRY FARM BUSINESS
7)POULTRY,SMALL SCALE UNITS MANUFACTURING UNITS & CONSTRUCTIONS.
8)LOW BUDGET VILLAGE BUSINESSES etc.