Indian retail business is undergoing dramatic transformation. The retail sector employs about 8 per cent of the country's workforce and is characterised by a high degree of fragmentation with over 5 million outlets. Due to their small size, Indian retailers have very little bargaining power vis-Ã -vis manufacturers unlike in the case of retailers in developed countries. The corner grocer or the Kirana store is a key element in the retail business in India due to ...
