According to Global Retail Development Index by A.T. Kearney, India is positioned as the leading destination for retail investment. There are about 300 new malls, 150 supermarkets and 325 departmental stores being built very soon.
The present scenario depicts that there will be very high demand for talented manpower in the retail business. It is predicted that retail employers in India will need more than 8 lakh skilled people in various specialized areas for retail across the country. Retail is challenging, engrossing, and dynamic and quality education is required to advance and succeed in the Retail industry today.
Moreover, due to its co-relation with other industrial and service sectors, organized retailing is generating a great deal of indirect employment- security, electrical and mechanical maintenance, property management service, parking, sorting, packaging, etc. If both direct and indirect employment is taken together, organized retailing is bound to create more and better paid, better-quality jobs.
This is a large growth opportunity in an organized business that the country will see after a long time. Apart from the direct jobs, every retail job created adds further jobs in the support business.
“The country’s overall retail sector will become $450 billion business by 2015. … the modern retail business will create about 1.6 million jobs in next 5 years. (source: Mckinsey & Co.)”