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

Retailing refers to the process of selling goods or services directly to consumers for their personal use. It involves a series of activities from acquiring products from manufacturers, displaying them, and providing services that facilitate the purchase process, to delivering the goods to the customer. The essence of retailing lies in offering products that meet the needs and wants of consumers, combined with creating an engaging shopping experience. Retailers can operate through physical stores, online platforms, or a combination of both, depending on the business model they adopt.

In India, the retail landscape has undergone significant transformation in recent years, driven by factors such as increasing disposable income, changing __________ ________ ___ ___ ____ ______.
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