Question
Discuss the impact of Liberalisation on retail industry. Briefly explain various legislations impacting retail industry.
Answer :
Word Count : 487
Liberalisation has had a profound impact on the retail industry, transforming it from a predominantly unorganized and fragmented sector to a more structured, competitive, and customer-focused environment. Prior to liberalisation, retail in many economies, including India, was dominated by small, family-owned shops, kirana stores, and traditional markets, with limited access to modern supply chains, technology, and international best practices. With the liberalisation policies introduced in the 1990s, barriers to foreign investment were reduced, and private players were encouraged to enter the _________ _______ __________ ________ _____ ___ ____.
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Liberalisation has had a profound impact on the retail industry, transforming it from a predominantly unorganized and fragmented sector to a more structured, competitive, and customer-focused environment. Prior to liberalisation, retail in many economies, including India, was dominated by small, family-owned shops, kirana stores, and traditional markets, with limited access to modern supply chains, technology, and international best practices. With the liberalisation policies introduced in the 1990s, barriers to foreign investment were reduced, and private players were encouraged to enter the _________ _______ __________ ________ _____ ___ ____.
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