The document discusses the Indian retail market. It begins by defining retail and tracing the evolution of retail in India from traditional open-air markets to modern convenience stores, supermarkets, hypermarkets and shopping malls. The retail industry in India is divided into organized and unorganized sectors, with the latter accounting for 92% and comprising small family-run stores. The document also outlines the different types of organized retail formats that have emerged in India, as well as some of the major retail players operating in the country. It concludes with a discussion of foreign direct investment policies related to retail in India.