The Indian retail sector is undergoing a transformation driven by changing demographics and rising incomes. Organized retail is growing as consumers aspire to modern formats that offer a wide range of products under one roof alongside entertainment options. While the sector remains highly fragmented with millions of small stores, large retailers are expanding across the country offering value and lifestyle products. Key formats include department stores, supermarkets, hypermarkets and specialty stores. Challenges include regulations around foreign investment and a lack of infrastructure and trained staff.