subject: Retailing Jobs In India [print this page] The retail industry in India is poised to bring a boom in its job market as it emerges as a major industry. Though a late entrant, this sector holds huge growth potential in terms of quantity and stability. It is expected to produce millions of employment opportunities in the coming years in both rural and urban India.
Organized retail has untapped potential and is relatively new to the nation as retailers are experimenting with a number of formats. Retail Jobs are bound to grow to unprecedented levels as the sector is all set to witness a boom. The industry had taken off at a slackening speed but is now gaining a momentum propelled by the increased purchasing power of the consumers. With a considerable growth in demand for products, supplies have to be increased and even exceeded to match the rapidly growing demand levels.
It is predicted by industry experts that Jobs in retail will grow as high as the boom in BPO industry. The best part about retailing is that jobs in this industry will always grow, never reduce as consumers will always continue to buy products. This makes it a secure field and a safe bet for investors, developers, employers and employees. Retail management has, in fact, become one of the most preferred courses today with many students opting for it. Even retailers are typing with numerous colleges to train and educate students according to their needs. The biggest retail players in India are Pantaloons, Reliance Industries, Future Group, Retail Solution Group and TESCO.
India is considered to be one of the six most worthwhile retail destinations around the world. It is offering huge growth prospects to investors and is all set to make a significant place in the economy. It is estimated by the industry experts that retail sector will emerge as the second largest industry in India within next five years. And it will then create at least 13 million jobs in India across all levels-top, middle and lower. An interesting thing about retail job creation is that these jobs will be generated not only in urban metros but in rural areas as well. In fact, around 60% of jobs in retail will be produced in rural India which will then help in checking migration of educated workforce to metro cities.
Other major retail players in the world are also gearing up to establish their operations in India. The wide scope, need and ability of Indian retail to develop manifold are attracting retailers from world over to capture the steadily growing retail industry of the nation. The growing purchasing power, changing lifestyles, increasing acceptability of new trends and multiplying young population are some of the most important factors that contribute to the flourishing Indian retail. Along with this, an increase in working population has been recorded with higher number of working women and focused youth coming up in the country.
There is an extremely positive outlook to the sector as demand and supply of retailers and workforce match each other. Retail is a localized phenomenon and one of the largest employers after food and beverages and is growing. According to a study by ICICI Bank, retail both organized and unorganized constitutes 10% of India's GDP and employs 8 per cent of its workforce. There is a huge demand for supply chain managers and visual merchandisers who are largely responsible for the look and feel of the store. The bulk of the demand is for the front liners like sales executives, department managers and store managers as they interact directly with the customers. Faster promotions and higher salaries are sure for those in retail.
