Impact of Organized Retail on the Economy of Madhya Pradesh
Mukesh Chansoriya1, Neha Pachori2
1Dr. Mukesh Chansoriya, Professor & Director, Lakshmi Narain College of Technology-MBA, Bhopal (M.P), India.
2Ms. Neha Pachori, Assistant Professor, Sagar Institute of Research & Technology (SIRT), MBA, Bhopal (M.P), India.
Manuscript received on May 19, 2019. | Revised Manuscript received on June 08, 2019. | Manuscript published on June 15, 2019. | PP: 13-18 | Volume-3 Issue-10, June 2019. | Retrieval Number: I0273043919/19©BEIESP
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Purpose of this study is to check the effect of opening of the organized retail stores on the unorganized retail, farmers and consumer. Another objective of my study is to find that how much the economy of Madhya Pradesh, affected by growing of retail sector. The study revealed the changing patterns of the Indian retail industry with special reference to Madhya Pradesh as well as understands the impact of organized retail on the consumption or shopping habits of the consumer in the state of Madhya Pradesh the scope of the study is for new retailer, who wants to invest in retail sector. This study helps to government, as from this study govt. know the growth of retail sector and encourage the investment in this sector, which helps in economic growth. The data is collected through the help of questioner filled from retailers as well as customers. The statistical tools i.e. mean median, std. deviation, regression, kurtosis, skewness used for the evaluation purpose. The study revealed that the Madhya Pradesh retail sector is changing now many retail investor open their retail store and running successfully and some other big players are ready to invest in the retail sector in Madhya Pradesh and the future of organized retail is quite good in big cities but in the cities cognized retail not successful to gain moment.
Keywords: Retail, Economy, Madhya Pradesh, Organized and Unorganized, Perception.