Impact of Retail Revolution on the Economy and Environment of India

Abstract

Shopping in India has witnessed a revolution with the change in the consumer buying behavior and the format of shopping. Retail industry had been evolved through the various formats and now it has reached the state where it is one of the leading industries in India. This research paper mainly highlights few of the statistical facts about why and how retail revolution is gradually changing the face of India. The initial part of paper discusses the status of retailing and foreign investment in retailing. The later part of paper discusses the impact of this retail revolution on economic development of the country. Retail revolution has also impacted the environment of India. Author has discussed the various examples of such environmental issues which are impacted due to the retail revolution. The objective of this research paper was to investigate the important reasons behind retail revolution. The study basically depends on the secondary data collected from various journals, websites, reports of FICCI, Government reports, retail industrv analysis ... etc