Pick any of Emerging markets - India or China and write a research Paper

Pick any of Emerging markets - India or China and write a regarding them - Research Paper Example 8). Clothing and footwear also accounts for 10.5% of the total sales in retail. The â€Å"entertainment, books and sports goods equipment† registered a CAGR of 21.3% in the financial year 2007 and 2012. According to Research and Markets, the retail industry in India has grown at CAGR of 14.6% in the financial year 2007 to 2012. The growth is influenced by the growing economic rate, change in the consumption pattern of the populace which are driven by higher standard of living, greater proportion of women, growth in middle class population and the increased level of penetration of organized retail segment. Despite of the prevailing growth rate, the retail segment of India remains fragmented with the organized sector still accounting for a miniscule percentage of the total market size of Indian retail market. The organized retail segment however accounted for a CAGR of 26.4% of the total retail. However with global and Indian economy reviving from post recession, the organized r etail segment has witnessed a gradual increase in the footfall during FY2011 (Research and Markets, 2012). ... The Indian retail segment is pegged at 500billion US dollar and is further expected to attain US $1.3trillion by 2020 and the organized retail sector is expected to reach about 25% by 2012. Indian e retailing market also has high potential for future growth with estimates to be US 1.26billion by 2015 and currently the e-retail segment accounts for US$ 361.66million (IBEF, 2012). In 2011, the Central Government of India had announced reform with respect o retail for both single brand and multi brand stores. The market reform have paved reform for competition and retail innovation with the multi brands such as Carrefour, Tesco and Wal-Mart and also for the single brands like Nike, Apple and IKEA. India had approved reform in January 2012 providing with the opportunity to innovate in the retail market with 100% ownership but for single brand imposed 30% of requirements of goods from India (Gupta, 2012). The Indian retailing structure can be divided into two groups, the organized and the unorganized retail sector. The unorganized retail sectors are the vendors, handcart, kiranas and others. This sector contributes to 98% of the total retail value. But with FDI in picture, the retail sector is expected to shrink employment in the unorganized sector and latter expand in the organized sector. The organized sector is undertaken by licensed retailers who are registered under income tax and sales. Another form of retailers is the in store retailers also known as brick and motor formats and are designed in order to lure its customers. Different kind of stores such as branded stores which appear in the form of executive showrooms, multi brand specialty store, department stores, convenient stores, supermarkets and shopping malls (Economy Watch, 2010). Liberalization and