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Two Year MBA / PGDip Retail
The retailing sector in India is highly fragmented (12 million retail outlets) and predominantly consists of small independent, owner-managed shops. Besides, the country is also dotted with low-cost kiosks and p ushcarts. There has been a boom in retail trade in India in last few years, owing to a gradual increase in the disposable incomes of the middle class households. The size of the retailing industry in India is expected to be around Rs 9,30,000 crore. Out of this, organized retailing industry is around Rs. 35,000 crore, which contributes to less than 2-3 per cent of the industry in India. According to a report by the ministry of commerce & industry, the retail sector in India is expected to grow 7% per annum.
The organized retail sector in India is poised for an emphatic phase of growth. Retailing is well past the stage of infancy where only a handful of players like the German retailer Nanz bought international formats to virgin Indian territory, and that too, with limited scale and operations.
During the late 1990s, Indian retailers underwent an experimentation phase wherein new formats (department stores like Shoppers' Stop and Pantaloon) and product categories (consumer durables retailing, music retailing etc) were introduced. As the country marched into the new millennium, the organized retailing scenario began to stabilize, specially over the last 3-4 years when players like Big Bazaar, Barista, Pizza Hut, Shoppers' Stop etc became successful in establishing a national footprint. This was also the stage when international retailers like McDonald's, Subway etc adopted a mix of global and India-specific strategies in order to entice the local population.
India is now ready to leapfrog into the next stage of evolution where a large number of Indian and international build scalable models with a pan-India appeal with a view to be sustainable in the long term. Already, players are becoming profitable after having gone through their respective learning curves indicating the viability of organized retailing across formats. Opportunities are abundant, across formats and categories, as the new Indian consumer has clearly demonstrated a readiness for all organized retailing segments. Moreover, as has been the case in retail markets across the globe, the influx of foreign brands into India shall transform the retail landscape as domestic players grow bigger and become more innovative in the face of enhanced competitive pressures.
Unique features of the programme
The course has a 4 months Summer Internships, offering the students an opportunity to gain hands on experience in the industry.
The Summer Internship also helps students to focus on the area where they would likely to be placed.
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