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Indian economy, one of the fastest growing economies of the world, is witnessing major shifts in consumer preferences. Increasing disposable income, brand awareness and increasing tech-savvy millennial population are the driving factors of corporatized fashion retail within the country. Overall, Indian fashion retail scenario has shown sustainable long-term growth compared to other developing econ
Indian economy, one of the fastest growing economies of the world, is witnessing major shifts in consumer preferences. Increasing disposable income, brand awareness and increasing tech-savvy millennial population are the driving factors of corporatized fashion retail within the country. Overall, Indian fashion retail scenario has shown sustainable long-term growth compared to other developing economies.
The Indian retail market was worth Rs 41,66,500 crore (US $641 billion) in 2016 and is expected to reach Rs 1,02,50,500 crore (US $1,576 billion) by 2026, growing at a Compound Annual Growth Rate (CAGR) of 10 per cent. It is envisaged that the current fashion retail market worth Rs 2,97,091 crore (US $46 billion) will grow at a promising CAGR of 9.7 per cent to reach Rs 7,48,398 crore (US $115 billion) by 2026.
There are various opportunities for the young aspirants in this fastest growing Industry who have completed following courses.
Courses related to this field
MBA (Retail & Fashion Merchandise)
Duration: 2 Years
Eligibility:Graduate in any discipline (Candidates appearing in final year may also apply for all Master Degree programmes).
Students can take combination of two electives from four in the third semester.
Your broad electives include:
Visual Merchandising / Operations / Merchandising / Ecommerce
Career Prospects:
After completion of program, students will have almost endless opportunities and can join the fashion or retail industry as Management Trainee, Retail Merchandiser, Category Manager, Buyer, Department Manager, Retail Manager, Floor Manager, Area Manager, Fashion Consultant with national & international brands like Reliance, Shoppers Stop, Lifestyle, Pantaloons, Big Bazar, Bata, Chanel, Burberry, Armani, Versace, Tommy Hilfiger, Puma, Zara and Benetton.
This shall be aided with career workshops, company presentations, seminars with industry leaders and formal or informal events with alumni.
B. Des. (Retail & Fashion Merchandise)
Duration: 4 Years
Eligibility: 10+2 / Intermediate (Candidates appearing in 10+2/ Intermediate may also apply.)
Age Limit: Max. 25 years as on 25th July 2018
Career Prospects:
Employment in the retail industry accounts for a large and growing proportion of the Indian workforce. Graduates of this program find employment in the following areas:
Retail Store Visual Merchandising or Display Departments
Visual Merchandising Consultancy and Supply Companies
Retail Merchandising, Buyers, Category Manager
Retail Operations – Area Manager, Retail Manager, Floor Manager, Department Manager Etc.
Luxury Brands – Store Manager
E-commerce – Business Manager, Category Manager, Merchants
Institute offering above courses: 1. FDDI Hyderabad, Ministry of commerce & Industry, Government of India website: www.fddiindia.com last date for application: 22nd April 2018 Contact: 040-65744442/ 46 Mobile: 8886658900/ 903
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