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Unorganized Retail strikes with good opening

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Unorganized retail segment is likely to grow at about 9-10% yearly to accomplish USD 500 Billion in 2011-12 in spite of the stable growth to organized retailers. The effect of organized retail on micro shop proprietors was bailout in Parliament by Delhi based Indian Council for Research on International Economic Relations (ICRIER) and it further stated at the www.propertykhazana.com that, “The retail business in the country will grow up with 13-14% yearly with USD 330 Billion in 2006-07 to USD 595 Billion in 2011-12. The unorganized retail industry was appreciated with USD 310 Billion in 2006-07 and so, the organized retail will now form micro of roughly 4% of the total industry and is expected to grow at rapid speed of about 50-55% yearly and quadruplet its share in total retail trade for about 17% by 2011-12.”
ICRIER also said that, “Micro shops proprietors in the locality of organized retailers have experienced reduce in their business and profit after the step-in of bigger players.” Also, farmers benefits much from the direct auctions to organized retailers. Profit understanding for farmers selling directly to organized retailers accounts 65% higher than that selling in local markets. The study made some suggestion like backing of retail outlets, for selling farmers produce to unorganized retailers. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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