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Consumerism: Another facet in the Indian-Retail-Character
By Prof.Anushree Agnihotri Mishra
Consumerism is nothing but an awakening, a realization for the need to be informed and educated concerning the marketplace and business environment as a whole.

Mounting consumerism would definitely act as a driver for the growth of organized Indian retail zone. In essence, consumerism- is the change in the behavioral patterns of Indian consumers’. And that is what has emerged as a disquieting challenge in front of Indian retailers.
We can always argue that this can be due to the western influence, or the increased urbanization, or the growing young population, or just the stimulating outcome of organized retail zone in India.

There are numerous demographic trends that are constructive for the growth of organized retail:
1. Rapid income growth : Consumers have greater ability to spend.
2. Increasing Urbanization : Larger urban population which values convenience coupled with higher propensity of the urban consumer to spend.
3.Growing young population : Growth of post liberalization maturing population with the willingness to spend. Youthful population is the prime asset to India as its craving for cinema, gaming and entertainment has elevated the need for malls and multiplexes in the country.
4.Tendency to spend now versus save earlier: Consumers willing to borrow for current
Consumption (TSMG, Tata Review June 2006) Evidently, the retailers excelling in India are aiming to capture a bit of consumer’s interest and their share-of-wallet, with all possible efforts. This is indeed an indication of how vital the new age consumer segment has become in the recent years.
According to the FICCI Retail Report (2007), “the success of retailers’ worldwide depends upon their ability to innovate and adapt models that have wider acceptability to the local

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