India's multi-billion-dollar retail industry could soon face a major overhaul after years of being heavily protected as the government plans to ease restrictions on foreign ownership.

America's WalMart, the world's largest retailer, is inching towards a greater share on the subcontinent from its current two per cent share.

Currently, the Indian government does not allow foreign companies to sell directly to the end consumer; instead, they may only trade as wholesalers. But this is a scenario that is set for a change.

Al Jazeera's Prerna Suri reports from New Delhi.