Organized Retail Sector
- Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP.
- The Indian retail market is estimated to be US$ 450 billion and one of the top five retail markets in the world by economic value.
- India is one of the fastest growing retail markets in the world, with 1.2 billion people.
Projected Size of the Organized Retail Industry
Source: IMaCS analysis
The organized Retail industry is projected to grow at a CAGR of about 23% to 25% between 2008 and 2022, thereby increasing in size from Rs. 96,500 crore (US $ 19 billion) in 2008 and clocking Rs.17,36,000 crore (US $ 347 to 350 billion) in 2022.
Retailers Association’s Skill Council of India (RASCI)
RASCI is a not-for-profit, independent public limited organization established under Section 25 of the Companies Act. It is a collaborative & comprehensive source of retail expertise and independent advice for industry, training organizations, educational institutions, certifying bodies, employees, students or jobseekers about skills development in the retail industry.