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Indian retailing is one of the largest and most diverse sectors of the Indian economy. It includes traditional kirana stores, street vendors, small family-owned shops, supermarkets, shopping malls, departmental stores and rapidly growing e-commerce businesses. Despite its enormous market potential, Indian retailers face several challenges arising from intense competition, changing consumer preferences, rising operating costs and technological developments. One major challenge is intense competition. Small retailers compete not only with other local shops but also with supermarkets, large retail chains and online platforms. Large retailers can purchase goods in bulk and negotiate better prices with suppliers, whereas small retailers generally _____ ___ _________ _______ _______ _______ ______ __________ _______ ________ ______.
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