Challenges and Prospects of the Unorganized Retail Sector in Ballari and Raichur Districts A conceptual analysis
Author(s):, Dr. Siddappa
Unorganized. Collaborate. Policy maker.
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.
Article Details
Unique Paper ID: 161287

Publication Volume & Issue: Volume 10, Issue 3

Page(s): 167 - 171
Article Preview & Download

Share This Article

Join our RMS

Conference Alert

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024

Last Date: 15th March 2024

Call For Paper

Volume 11 Issue 1

Last Date for paper submitting for Latest Issue is 25 June 2024

About Us enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on

Social Media

Google Verified Reviews