Author Login IJIRT Partner Network (IPN) Login

Challenges and Prospects of the Unorganized Retail Sector in Ballari and Raichur Districts A conceptual analysis

  • Unique Paper ID: 161287
  • Volume: 10
  • Issue: 3
  • PageNo: 167-171
  • Abstract:
  • This article examines the problems and prospects of the unorganized retail sector in Ballari and Raichur districts. The unorganized retail sector faces several challenges, including the lack of formalization, limited access to finance, infrastructure constraints, intense competition, limited market reach, skill gaps, and regulatory hurdles. However, despite these challenges, there are prospects for growth and development. Unorganized retailers can leverage their localized market knowledge, offer personalized customer experiences, adapt quickly to changing trends, focus on niche and specialty products, build community connections, collaborate within the sector, adopt technology, and invest in skill development. Addressing these challenges and capitalizing on the prospects requires collaboration among policymakers, government bodies, industry associations, and retailers. By doing so, the unorganized retail sector in Ballari and Raichur districts can overcome obstacles, compete effectively, and contribute to the local economy and inclusive growth.
Download article email to a friend

Cite This Article

  • ISSN: 2349-6002
  • Volume: 10
  • Issue: 3
  • PageNo: 167-171

Challenges and Prospects of the Unorganized Retail Sector in Ballari and Raichur Districts A conceptual analysis

Related Articles

Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Archive

View More

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry