What does the cryptic crossword clue "Compact offered for retail around India (5)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Compact offered for retail around India (5)

Times Cryptic #28717 | 10 Across | 2023-09-25

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I haven't cracked this one yet — but the brilliant team at Times for the Times have:

I in SOLD

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