In order to estimate the size of the Indian Market, we need to understand the scope of the Indian Market. India Market Size is huge.....probably bigger in comparison to its geographical extent. The Size of the Indian Market owes much of its credit to the fact that it is the second most populated country in the world. The Indian Market can be classified in a number of ways. Some of them are discussed below.

The Indian Market can be broadly classified under the following heads:

• Commodity Market
• Money Market
• Labor Market
• Capital Market

The commodity market in India deals with the exchange of goods, the cost of which is estimated in terms of domestic currency. It can be subdivided into the following two categories:

• Wholesale Market
• Retail Market

The money market of India involves all monetary transactions. It be further divided under the following two categories.

• Currency Market
• Bond Market

The labor market as the name suggests,consists of the entire working population of the nation. It involves the services provided by the people of India in the primary,secondary and tertiary sectors. The services of the individuals is assessed in terms of the wages they get for their services. The Capital Market deals with all those assets which are responsible for production both directly and indirectly.

Let us now take a look at what the present scenario of each of the above markets is like.

The traditional wholesale market in India dealt with whole sellers who bought goods from the farmers and manufacturers and then sold them to the retailers after making a profit in the process. It was the retailers who finally sold the goods to the consumers. With the passage of time the importance of whole sellers began to fade out for the following reasons:

• The whole sellers in most situations, acted as mere parasites who did not add any value to the product but raised its price which was eventually faced by the consumers.
• The improvement in transport facilities made the retailers directly interact with the producers and hence the need for whole sellers was not felt.

In recent years,the extent of the retail market (both organized and unorganized) has evolved in leaps and bounds. Considering the present growth rate, the total valuation of the Indian Retail Market is estimated to cross Rs. 10,000 billion by the year 2010.

Similar scenario can be observed in other markets as well. Demand for commodities is likely to become four times by 2010 than what it presently is.

The money market is also expected to experience a similar increase with the encouragement of Foreign Direct Investment (FDI) by the central government.

Thus the ever increasing extent of the Indian Market is complementing the growth of the economy in a big way.