| | AUGUST 20184 Vol 01 · Issue 7 · August, 2018 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Editorial Ananth.V Shefali Mathur Sophia Rohtagi Srrayvinya OLM Group Art DirectorAshok KumarAdvertising ManagersMonisha.R Amrit SinghNoida Ashu Sethi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/magazine-in or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of BizprintMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2018 BizprintMedia Technologies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsi-bility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accord-ingly, no liability is assumed by the publisher. Design S Sivasankar Satyajit Subhankar Veena R PiddannavarVP - Sales & Marketing Virupakshi PattarCirculation Manager Magendran PerumalIts just last year that India surpassed China to top the Global Retail Index. A recent joint report by ASSOCHAM and MRRSIndia.com claims the Indian retail market to grow over 60 percent to hit $1.1 trillion in the next three years, with modern trade expected to grow at 20 percent per annum, while the overall retail market will grow at 12 percent per annum. This growth will be led by factors such as change in lifestyle and rising income of middle class. Further, government's continued effort to ease the FDI regulations in key areas of the retail sector is adding more fuel to the industry. The Digital India and the cashless payment initiatives of the Indian government will further boost the sector, while reform in the indirect tax via GST will also help accelerate the adoption of formal retail. With high market potential and low economic risk, India is a country to bet on. Hence, international players are experimenting in the Indian market by adding international flavor and taste to it. This calls the existing giants to take bold innovative steps to woo the customers, while the new entrants are redefining their strategies to stay competitive and fit the new market landscape. On the other hand, driven by robust investment in the sector, India will soon be the world's fastest growing e-Commerce market, witnessing more global retail giants entering the market via organic and inorganic ways. Thanks to this booming e-Commerce market times, the retailers now have reach to the last mile of the most remote places of the country. However, we cannot deny the underlying challenges of the indus-try such as compliance with the international standards, inefficient and insufficient supply chain management, lack of retail space, effi-cient human resource, and challenges with infrastructure & logistics. Countering them to stay abreast is no joke. Players who understand the pulse of the market and are always ready to mould themselves much before the changing times are the need of the hour. Featuring some of such exquisite retail companies in our current edition of `10 Best Retail Service Providers - 2018', we bring to you the story of few global and national retail players. The feature talks about their strat-egy and how their leaders are running the company from the front through innovative strategies that fits the test of time. Do let us know what you think!Anamika SahuManaging Editoreditor@ceoinsightsindia.comEditorialIndia Retail Industry is Wearing New Clothes
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