Organized Vs Unorganized: Two-Tier Retail Sector Of India
Keywords:
retail sector, family run business, traditional retail, unorganized retail, organized sector.Abstract
India basically has two-tier mechanism for retail sector, i.e., organized and unorganized sectors. Traditional family-run businesses and corner stores dominate India's fragmented retail industry. Most Indian stores are family-run "Kiranas." Shoe stores, pharmacies, clothes boutiques, businesses offering local delicacies like paan and beedi, street vendors, hand-pulled cart peddlers, etc. This is "traditional retail" or "unorganized retail." Several well-organized merchants have opened storefronts in metro areas and other significant cities in recent years. Most unstructured stores aren't sales, VAT, or income tax registered and rarely pay taxes. In this regard, present study attempts to assess the impact of India's organized sector on un-organized sector.
