MBA+PGPRM (Post Graduate Programme in Retail Management & MBA)

Retailing in India is gradually inching its ways towards becoming the next boom industry. The whole concept of shopping has
altered in terms of format and consumer buying behaviour. This will usher in a new era in retail Industry. The Organized retail sector is expected to grow stronger than GDP growth in next five years. The booming retail sector in India is expected to grow at 7% to US$ 280 billion by 2010 - 11 from the present US $ 200 billion. With the organized retail segment growing at the rate of 25- 30% per annum, revenues from the sector are expected to triple from the current US $ 24 Billion by 2010. The share of modern retail is likely to grow from its current 5% to 25% over the next decade. After metros and large cities, organized retail will penetrate to smaller cities and towns. However, metros will still have three fourth or the mall space in India. Mumbai alone would see the addition of 65 new malls by 2008. This will take the retail space in Mumbai alone close to 20 m. sq. feet. Delhi will have about 20 m. sq. feet by this year end. In addition to the present 3.7 sq. m. feet, malls in India are increasing as these are positioned as a stop shop for shopping, entertainment, leisure and eating out needs for the consumer. By the end of 2008, 800 malls are coming up all over India out of which 40% are concentrated in the smaller cities. Organized retailing in small town in India is growing at a staggering 50-60% a year compared to 35-40% in the large cities. Major players are also preparing themselves to take on the competition from global players.