The Indian retail industry has the position of being the fifth biggest globally. The Indian retail business, which includes both organized and unorganized sectors, has seen rapid growth in recent years, making it one of the fastest-growing industries in India. Initially, the retail business in India was mostly disorganized. However, due to evolving customer tastes and preferences, the industry has gained popularity and is now becoming more structured. From 2007 to 2015, the Indian Retail Industry is projected to increase from US$330 billion to US$640 billion. Based on A.T. Kearney's 10th Annual Global Retail Development Index (GRDI), India has a robust growth fundamental basis, making it an opportune moment to go into the Indian retail market.

The Indian Retail Market constitutes 22% of the nation's Gross Domestic Product (GDP) and contributes to 8% of the overall employment. It is projected that the whole retail expenditure would increase twofold throughout the next five years. Organized retail, which is now experiencing a compound annual growth rate (CAGR) of 22%, is projected to account for 21% of the whole spending. The projected growth rate for the unorganized retail sector is around 10% annually, resulting in an anticipated increase in sales from $309 billion in 2006-07 to $496 billion in 2011-12. This paper examines the evolving landscape of the Retail Industry, including both organized and unorganized sectors. It also explores the key stakeholders within the retail industry and sheds light on the forthcoming problems that the industry will encounter.