The document discusses the Indian retail market. It defines retail as the sale of physical goods or merchandise from a fixed location directly to consumers. The retail industry in India is divided into organized and unorganized sectors, with over 14 million outlets operating in the country and only 4% being larger than 500 square feet. Organized retail formats include hypermarkets, cash and carry stores, department stores, supermarkets, and specialty stores. Major players in the Indian organized retail market discussed include Pantaloon, Big Bazaar, The Mobile Store, and Crossword. The retail market provides economic and employment benefits but also leaves room for further development.