Local Terms
Organized retailing, in India, refers to trading activities undertaken by licensed retailers, that is, those who are registered for sales tax, income tax, etc. These include the publicly traded supermarkets, corporate-backed hypermarkets and retail chains, and also the privately owned large retail businesses.
Unorganized retailing, on the other hand, refers to the traditional formats of low-cost retailing, for example, the local corner shops, owner manned general stores, paan/beedi shops, convenience stores, hand cart and pavement vendors, etc.
Organized retailing was absent in most rural and small towns of India in 2010. Supermarkets and similar organized retail accounted for just 4% of the market.
Read more about this topic: Retailing In India
Famous quotes containing the words local and/or terms:
“The local is a shabby thing. There’s nothing worse than bringing us back down to our own little corner, our own territory, the radiant promiscuity of the face to face. A culture which has taken the risk of the universal, must perish by the universal.”
—Jean Baudrillard (b. 1929)
“Women have acquired equal place to man in society, but the double standard has really never been relinquished; certainly not by men. Modern man’s fear of passivity or of the active woman proves to be as eternal as modern woman’s struggle to come to terms with her femininity.”
—Peter Blos (20th century)