The Indian retail sector has tremendously grown over the last
decade with a significant shift towards organised retailing format.
India's retail market contributes to over 10 percent of the
country's Gross Domestic Product (GDP). The share of the Indian
retail market is expected to increase by 60 percent to reach USD
1.1 trillion by the year 2020. Typically, retail is understood to
be the sale of goods to end users, not for resale, but for use and
consumption by the purchaser. The retail transaction is at the end
of the supply chain. Interestingly, courts in India have defined
the term 'retail' as a sale for final consumption in
contrast to a sale for further sale or processing (i.e. wholesale).
Traditionally, the retail sector in India was considered to be a
sensitive sector especially due to factors, such as (i) the
employment it generates and (ii) of its early and undeveloped stage
(particularly the domestic organized retail segment) it is not in a
position to
