The most popular and best-selling "India Small Business Report', you
will find various aspects of small business, their role, impact of franchising and
organized retail, service sector, consumerism, legendary entrepreneurs, profile on
service sector and who worked for others before striking out on his own. The Report is
the in-depth study of Indian Retail and Franchising sector as well as of SMEs.
The Report is about a particular kind of small business and a particular kind of small
business owner. It is often seen the small business owner or manager ignore the books
and articles about small business (es) whether these are for them or not. And yet, small
business owners build solid companies, provide dependable employment, and are the
foundation of good communities.
The Small Business Report-2008--a comprehensive picture and guide-brings an authentic
updating of Indian Retail, Franchising industry and small businesses in India and is a
must buy and read for everyone who are entering the business of retailing, franchising
or small business.
ABOUT SMALL BUSINESS REPORT:
Today 95 per cent country's industrial units come under Micro, Small and Medium
Enterprises (MSME). This sector has around 128.44 units (provisional 2006-07),
registering a growth of 4.1 per cent annually are producing thousands of products. The
value of production at current prices is estimated to have increased by 17.9 per cent to
Rs. 587,196 crores and the employment is estimated to have increased to 312.52 lakh
persons.
Run into more than 300 pages, the India Small Business Report presents India's retail
and franchise tory in all its colours, consumer spending and modern retail share in all
consumption categories, from food to fashion, telecom to hospitality, consumer durables
to health and wellness, entertainment, India Small Business Report is an ultimate guide
to the business of retail and franchising in India. The Report is divided into three
sections, starting with demography trends and economic environment for small business;
detail accounts of small business in 12 identified industries and examine the features
of 20 noteworthy cities of India and eleven top entrepreneurs of India who started their
business as small enterprises and with enormous efforts succeeded to transform them.
SMALL BUSINESS IS BIG BUSINESS
Small Businesses are the largest contributor to any economy of the world. An estimated
25.5 million small businesses in US represent about half of its output; employ about
half of the private sector work force (small businesses represent more than 99 per cent
of all employers in US), fill niche markets, increase competitions, and generate a
majority of American innovations.
The growing perceptive image of India as a large industrial hub sometimes overshadows
the valuable contributions that small businesses make. Small business sector in India,
still trying to match its developed counterparts is one of the most vital sectors of the
Indian economy in terms of employment generation, the strong entrepreneurial base it
has.
Today, the Government's concern for the well-being of small retailers losing their
existence in the wake of organized retail happening in India is not ill-founded as the
joy that small businesses bring to the world is what makes day to day living worthwhile.
ENTREPRENEURSHIP IN INDIA
With a population of 1108 million people at present to 1269 million by 2016, the
country's economy is booming with the proliferation of entrepreneurial opportunities and
free enterprise. With the 1991 reforms, there emerged a new India, an India of new ideas
and vision for its future. This India was a hub of business possibilities and
innovation. There were technocrats, IT professionals, educated and not so educated but
enterprising people all waiting to venture in to the new market arena. Thus was born the
new India.
SERVICE SECTOR IN INDIA
The Indian Services sector is one of the most significant sectors of the economy
contributing nearly 55 per cent of the GDP in 2006-07. This sector has come to play an
increasingly dominant role in the economy accounting for 68.6 per cent of the overall
average growth in GDP in the last five years between 2002-03 and 2006-07. The services
sector continued to record double-digit growth in the current fiscal with a growth rate
of 10.6 per cent during the first quarter of the current fiscal year.
In 2006-07, the industrial sector grew by 11.3 per cent, while the services sector grew
at a rate of 11 per cent. A mere $50 million industry in 1989, it is projected to grow
to $87 billion (a fifth of India's current national income) by 2008.
RETAIL REVOLUTION
Today, there is hectic activity in the Retail sector in India in terms of expansion,
entry of international brands and retailers as well as focus on technology, operation
and processes. India's increasingly affluent middle class of around 300 million
consumers has made it the accelerator of great Indian retail gold rush. There are over
15 million retail outlets spread across India, earning the country an epithet -
"Shopkeepers' Nation." More than 80 per cent of these 15 million outlets are run as
small family businesses. Most of these businesses in India's are in the business of
retail.
The striking feature of today's Indian retail scene is the duality which has lately
emerged, forming the basis of modern and traditional retail in India. However, small
traders, comprised of traditional retail, have conspicuous presence controlling 96 per
cent chunk of the retail sector and the ingress of large corporate and foreign retailers
has made them occupy 4 per cent of retail segment introducing modern retail in the
Indian market. Corporate retailers, however, plan to augment the share of modern retail
from the current 4 per cent to approximately 15 per cent-20 per cent in the next four
years by investing more than US$25 billion.
CONSUMER AGE
Each consumer in India will spend over Rs. 200 a day, on an average, by the year 2025,
steered by a ten-fold increase in the country's middle class population and a three-fold
jump in household income during this period. This churn in consumer spends will largely
be driven by preferences that the younger sections of the population exhibit. This could
create the perfect opportunity for new consumer-centric organizations. More young
consumers, greater incomes, global aspirations and a greater propensity to spend-all of
this have marketers excited.
To woo this young consumer, marketers will be forced to make many changes. While small
retailers need to upgrade and innovate their operating systems to meet the needs of this
consumer, modern retailer need to bring the same level of service which is given single
unit retail store which is not easy.
FRANCHISING IN INDIA
In the US, almost a third of the retail sales come from franchised business as 50 per
cent of retail is franchised there. Franchising is a powerful economic engine and a
sophisticated entrepreneurial alliance through which business investors can create vast
wealth and a perfect solution for business owner in unorganized sector of India to
upgrade him to a next level of success. In US, there are over nine lakh franchised
outlets with sales exceeding a 1.5 trillion dollars while back home, this industry is
around one billion dollars.
Business Opportunities
Our Group Sites
Popular Cities
