The retail industry in India is large and growing, accounting for about 11% of GDP. The organized retail sector makes up only 3.5% of the total retail market but has been growing over 30% annually. Major players have entered the Indian retail market, developing stores like supermarkets, hypermarkets, and shopping malls. However, the retail sector in India remains highly fragmented with many small, traditional stores that will be difficult for organized retailers to compete with. As incomes and lifestyles change in India, the retail sector is expected to continue expanding rapidly.