Even big industrial houses are not able to break the power of traditional grocery store


In the last few years, the big companies of the world have put all their might to capture the retail business of India. When the mall culture (modern trade stores) started in the country, it was believed that the country’s grocery stores would not be able to stand in front of them and would be closed soon, but in the last 20 years, grocery stores are standing on their ground and retail business Even today their share is more than 88 percent.

Shankar Thakkar, General Secretary of Maharashtra State of Confederation of All India Traders (CAIT) and National President of All India Edible Oil Traders Federation, said that in the last few years, big companies of the world have put their eyes on India’s retail business to grab it. Has given all his strength and got the government to prepare policies for his own personal benefit, but India’s traditional retailer is fighting with his professional methods without giving any kind of fuss.

The Indian retail market was worth $ 800 billion in the year 2020, when two big businessmen of the country entered this sector. Yes, we are talking about Reliance and Adani here. India’s retail market attracted not only these two, but the world’s largest retail store Walmart, Tata, Birla, RPG Group, Nange Group and many other names are included in this list.

All these companies tried their best to make a dent in the country’s retail market in the last 20 years but to no avail. At present, even today the country’s retail market or rather the grocery stores have stood firm.

Modern trade stores have seen expansion from metros to tier-2 cities and have been able to capture only 10% of the retail market share in India.

Mahesh Bakhai, Senior President of CAIT, Maharashtra State, said that if the government gives laws and benefits to India’s retail trade at an equal level, then it will not take long for these foreign and domestic industrial houses to withdraw their gunny bags from the grocery trade.

It was said by CAIT that in the year 2022, India had the largest army of billionaires. India has the third largest startup ecosystem in the world, but it is also true that 69 percent of the country’s population lives in rural areas and a large part of the country’s economy is from agriculture.

About 54 per cent of the population is still dependent on income from agriculture. India’s per capita GDP is expected to reach $1,850 by the end of 2022.

Read also: Wholesale Inflation: Wholesale inflation dropped to a 25-month low of 3.85 percent in February

Many questions are arising as to why big groups like Tata, Birla, Ambani, Adani, Walmart could not present their presence strongly in the retail market. Apart from these, big online companies ranging from Amazon, Flipkart to many international and domestic companies have tried but India’s traditional retail grocery business is competing without moving at all, it is indeed a commendable thing.

Traders say that the grocers and grocers were a little worried, but understanding the delicacy of the occasion, these shopkeepers also started using technology. Mutual relation and access to the house with trust and the tradition of borrowing for a few days proved to be their biggest strength.


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