Financial crises of some kind or the other occur sporadically virtually
every decade & in various locations around the world. Financial
meltdowns have occurred in countries ranging from Sweden to Argentina,
from Russia to Korea, from the United Kingdom to Indonesia, & from Japan
to the United States. The global financial crisis originated in United
States of America. The current crisis has deeply impacted the national
economies of both developed & developing world depending upon the extent
to which they have been opened up. The inflation or the economic
slowdown is adversely affecting the retail industry. With the suddenly
disturbed economical status, consumers are gradually losing interest on
buying. The unbalanced income, followed by the economic slowdown, is not
meeting consumers' buying requirements. The largely untapped organized
retail arena is viewed as a multibillion dollar proposition by Indian &
foreign players. Despite the foreboding financial crisis, the
opportunities are massive. Making the growth vs. profitability trade-off
early on during the slowdown is just one of them. In this book global
crisis & its impact on Indian retail sector has been discussed in
detail.