THOUGHT FOR THE DAY

Sports

"As you walk down the fairway of life you must smell the roses, for you only get to play one round."

Ben Hogan

TOPIC OF THE DAY

Retailing in India

Retailing is one of the pillars of the economy in India and accounts for 35% of GDP.

The retail industry is divided into organised and unorganised sectors. Over 12 million outlets operate in the country and only 4% of them being larger than 500 sq ft (46 m2) in size. Organised retailing refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses.

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LATEST ARRIVALS

Managing retailing by Piyush Kumar Sinha and Dwarika Prasad Uniyal