Mental Wealth: Challenges and Strategies in the Indian Retail Industry

Mental Wealth
Introduction Analysis of sourcesIdentification of problem There are number of issues and problems
that is faced by retail company which will
have direct impact on overall performance
and growth of retail industry. One of the
major issues in this sector is the behaviour
of customer towards online shopping and
market area. Indian customers mostly prefer
offline shopping and like to purchase
products direct form store.
India retail industry is consider as one of the
largest retail sector in all over the world. This
industry includes number of companies that
is providing high quality products and
services to potential customer. Indian retail
industry is supportive in improving
employment rates and it has direct impact on
growth rate of country. Reliance Trends is
one of the largest retail company of India and
it is offering Varity of products and offering
to customers in order to meet with the needs
of potential customers.
As per the article of ET Retail (2020) it has
been determined that there are number of
challenges plaguing to small seller in Indian E
commerce market area. In Indian market area it
is more difficult for online sellers to sell their
products and services to customers.
It is tough for retail companies to maintain
customer loyalty with the business. This will
have impact on sales and profitability of
organisation. There are various strict rules and
regulation that is developed by Indian
government for online selling of products. It is
very difficult for online companies to operate
business by consider all guideline and
regulation.
Mental wealth is very important part of an
individual as it help in determining
successfulness in managing the content of
individual mind.
In retail market sector customer satisfaction
play a very important and crucial role in
order to meet with the needs of customers
and well as enhancing business operations.
Company for this poster is Reliance Tends.
This organisation was developed in year
2006 and founder of Reliance Trends is
Mukesh Ambani. It is dealing in retail sector
and providing different types of products and
services to all over the world.