Employment opportunities in FDI
EMPLOYMENT OPPORTUNITIES IN FDI IN RETAIL
ABSTRACT
Retail is currently the booming sector of the Indian economy. This trend is expected to continue uninterrupted for at least the next two-three decades, attracting huge attention from all quarters of the economy -entrepreneurs, business heads, investors as well as real estate owners and builders-. Retail sector is also expected to create huge employment as it will expand across the country at a massive scale. The reasons for this expansion of retail is evidently related to the liberalization and opening up of the Indian economy which had immense effects on the consumer demand, tastes and preferences as well as the buying capacities of the Indians (specially the growing middle class) over the past few years. Slowly and steadily retail has witnessed considerable growth while a new form of organized retail sector has emerged within the retail industry. Stated simply, it refers to the organized retail chains managed by big corporate houses such as the Pantaloons group, K. Raheja group, the Piramals and so on. These are modeled on American forms of organized retail chains such as Walmart, one of the largest in the world.
With such developments in the retail it is important to look at the labour market in this sector. Since this is a relatively under-researched area, attempts have been made to understand and conceptualize labour as it is perceived by both unorganized and organized forms of retailing.
Overview of Retail Sector
Retail has played a major role world over in increasing productivity across a wide range of consumer goods and services .The impact can be best seen in countries like United States of America (U.S.A)., United Kingdom (U.K)., Mexico, Thailand and more recently China. Retail is one of the largest industries in the world. It is the second-largest industry in the United States both in number of establishments and number of employees. The retail industry employs more than 22 million Americans and
ABSTRACT
Retail is currently the booming sector of the Indian economy. This trend is expected to continue uninterrupted for at least the next two-three decades, attracting huge attention from all quarters of the economy -entrepreneurs, business heads, investors as well as real estate owners and builders-. Retail sector is also expected to create huge employment as it will expand across the country at a massive scale. The reasons for this expansion of retail is evidently related to the liberalization and opening up of the Indian economy which had immense effects on the consumer demand, tastes and preferences as well as the buying capacities of the Indians (specially the growing middle class) over the past few years. Slowly and steadily retail has witnessed considerable growth while a new form of organized retail sector has emerged within the retail industry. Stated simply, it refers to the organized retail chains managed by big corporate houses such as the Pantaloons group, K. Raheja group, the Piramals and so on. These are modeled on American forms of organized retail chains such as Walmart, one of the largest in the world.
With such developments in the retail it is important to look at the labour market in this sector. Since this is a relatively under-researched area, attempts have been made to understand and conceptualize labour as it is perceived by both unorganized and organized forms of retailing.
Overview of Retail Sector
Retail has played a major role world over in increasing productivity across a wide range of consumer goods and services .The impact can be best seen in countries like United States of America (U.S.A)., United Kingdom (U.K)., Mexico, Thailand and more recently China. Retail is one of the largest industries in the world. It is the second-largest industry in the United States both in number of establishments and number of employees. The retail industry employs more than 22 million Americans and