Functions of Retailing

Utilities
 Product utility
 Place utility
 Time utility
 Ownership utility
 Reasons for retail revolution
 Greater per capita Income
 Enlargement of population
 New age customer
 Affordability rate increase
 Changing mindset of Consumers
 Advances taken place in Technology
 INDIA in global scenario….
 BRIC(Brazil,Russia,India,China)Reports
india predicted to be the top three
economies in the world by 2050
In Asia, india moved up to the second
position in retail sector.
 Factors Attracting Global Retailers
to India
 Country risk-higher due to improved living
standard and continuing economic growth
 FROM 1999-2003 ,INDIA’S GDP has
increased by 40 %
 Friendly environment
 population