Indian retail is going through major changes with increased foreign investment and partnerships. Large companies like Alibaba and Reliance are looking to expand in India through joint ventures. Walmart is now the largest shareholder of Flipkart after acquiring it. However, many brick and mortar retailers are struggling and have shut down hundreds of stores in recent years due to rising costs and competition from e-commerce. Amazon India also saw losses increase sharply. But overall retail investment is growing in India, helped by policy reforms like allowing 100% FDI in single-brand retail and implementation of GST. The future of Indian retail is expected to increasingly become omni-channel as online and offline commerce converge.