It consists of stores, commercial complexes, agencies, companies, and organizations engaged in the business of selling or merchandizing diverse finished products or goods to the end-user consumers directly and indirectly. Goods and products of the retail industry or sector are the finished final objects/products of all sectors of commerce and economy of a country.

The industry is one of the fastest growing industries in India. It is expected to grow at a rate of 25% annually. The retail industry, by the year 2020, could be worth 175 – 200 billion US dollars.