The retail industry in India has grown rapidly and accounts for over 10% of India's GDP and 8% of employment. India's retail market is expected to reach $1.6 trillion by 2026, growing at a 10% CAGR, while B2B e-commerce could reach $700 billion by 2020. Various retail formats operate in India like supermarkets, hypermarkets, department stores, discounters, and branded stores. Malls are also expanding to tier 2/3 cities. The growth of internet retailing is also driving changes in the retail industry. Wholesale distribution plays a major role between manufacturers and retailers, with annual sales of $5 trillion, though challenges remain from technological changes.