Retail sector can create millions of job

Supply Chain Management offers lucrative jobs.The Retail sector is accounted for 10% of GDPa and   therefore impact on the economy will improve job prospects.

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Hi, Everybody. I am New here. It's My pleasure to see you on toostep.

Hi all, Good News is definitely great news when its backed by stats! A report on the website of India Brand Equity foundation forecasts (May2010) Retail sales to increase an annual average of 14%. According to a McKinsey report(September 2008)'The Great Indian Bazaar: Organized Retail Comes of Age in India' organized retail in India is expected to capture 14-18 per cent of the total retail market by 2015.

With the projected GDP gropwth of around 8% in next fiscal, there is no doubt that all the sector are poised for major growth. Once there is growth in most of the sectors, there is  bound to have more hiring of jobs in all sectors, thereby more disposable income to the people. This additional disposable income would be definitely result into more buying of consumable ans consumer goods. This phenomena is bound to impact the status of malls & stores, which will definitely fuel the retail sector. In other words the growth f retail segment is going to be in double digit and to manage that more number of people would be required, creating quite a big number of job opportunity. As a precursor to the growth, hiring of people in Banking sectors, IT, PSUs and even telecom has begun in big way. Nxt to follow is retail sector. Watch the move of big company's like Future, Reliance , Tata , they would be consolidating this opportunity in retail sector as well. The subsued activity on  new`Malls  was there till mid of 2009, but now, full fledge activities on construction of new malls or completing the construction has begun not only in metro cities but to most f he state capitals and tiier I & II cities. All indications are there for real growth in retail sector  and job opportunity in all the fields of Retail sector is imminent.

IT  IS REALL  GOOD   LOT  OF  THANKS

But these jobs do not need as much entrepreneurial nature inside a human being. although risk taking ability is needed a lot there too.

Hi Shailena ji,
Retail Market has been always there. The consumer base is the same, and their demand levels are also the same. That means, the retail sector is not emerged or created from nowhere. Difference is that, it is switched from unorganized sector to unorganized sector. Operators have changed. From scattered grocers, cloth merchants to organized chain of stores.
The job market in retailed sector is also changed from grocer's illeterate helping hands to more educated workforce.
The coming up of training institutes to cater to the need of organized sector is a welcome thing. But efforts should be underway to rehabilitate the workmen from unorganized sector to the orgonized sector through proper training.
So that the transformation in this sector will be smooth and without any speed breakers.

Hi Shailena,

Most definitely yes! Any new Retail store that opens in a vicinity, you will always find a lot of young people going about the store assisting you, helping you and guiding you!

It has the space and the volume of offering the consumers a bouquet of products to choose from and a host of people to attend to you!