MODERN RETAIL- Its impact on growth

As modern retail grows, so will be its impact on domestic growth By 2012 modern retail will directly employ over 1.6 million people at shop floors Most of them come from lower income groups and lesser educational backgrounds, who cannot employed in other sectors Retail will create millions of more jobs in support services like security, mall and facilities management, construction and supply chains McKinsey & Co point out that for the government level, modern retail will help improve indirect tax collection by 1% add to GDP Growth Play a role in controlling inflation

As modern retailers acquire size and scale, plays a far more decisive role in the countrys economic growth and development IT, Hospitality, Multiplexes and Real Estate enjoy fiscal incentives but not modern retail sector