The direct consumer payment retail industry is worth around Rs 8,250 billion (US$ 148.49 billion) of the Rs 27,500 billion (US$ 494.96 billion) annual retail business in India.
Domestic pharmaceutical retail market in India, clocked a positive 15 per cent growth during 2011.
The domestic pharmaceutical retail reached a new milestone by recording an overall sales of Rs 60,000 crore (US$ 10.80 billion) for the year 2011.
Online retail business is another format which has high potential for growth in the near future as far as India is cocnerned.
India's e-retail industry is likely to touch the Rs 7,000 crore mark (US$ 1.26 billion) by 2015, up from Rs 2,000 crore (US$ 359.97 million) currently.
Online purchase of gift items, especially jewelry and flowers have increased manifold owing to the sprouting of many online e-markets and supporting banks for the payment.
The estimated Rs 50,000 crore (US$ 8.99 billion) e-commerce business is growing at an overall 40 per cent.