Kishore Biyani is the founder and CEO of Future Group, which operates retail businesses like Pantaloons and Big Bazaar in India. He discussed how foreign direct investment has been a game changer for Indian retail. India provides a huge retail opportunity due to trends like urbanization and income growth. The retail industry accounts for 10% of India's GDP and 8% of employment. E-commerce is also growing and revolutionizing retail. Modern retail creates demand for value-added products and helps increase the value of agricultural goods. This leads to more employment and economic transformation. Biyani aims to make premium brands affordable for middle-class Indians. India's retail consumption is projected to double to $1.5 trillion