What do you understand by the term Retailing? Briefly explain the recent evolving trends in Indian and global retailing.

Retailing Overview:

Retailing refers to the set of activities involved in selling goods and services directly to consumers for their personal use. It is the final stage in the distribution process and involves transactions between a buyer and a seller. Retailers play a crucial role in the supply chain by bridging the gap between manufacturers or wholesalers and end consumers.

Recent Evolving Trends in Indian Retailing:

1. E-commerce Boom:
   The rise of e-commerce has significantly impacted the Indian retail landscape. Companies like Flipkart, Amazon, and others have transformed the way consumers shop, offering convenience, a wide range of products, and competitive prices. The growth of mobile internet and digital payment systems _______ ____ _____ ________ _________ ______ ________ ______ __________.
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