India to be USD 1 trillion market by 2025: Walmart

The Indian retail segment has its own uniqueness and the country is one of the most exciting markets globally that is poised to grow to over a trillion dollars by 2025, according to Walmart Inc President and CEO Doug McMillon.

Speaking at the Converge@Walmart event, McMillon noted that given the diversity of the Indian market, the company has to think local and execute locally.

India is such a diverse market, it’s not one country in some ways and so we have to think local and execute locally, and it has its own rules, and so, we’ve got to comply with those rules, he said.

McMillon added currently, Walmart is not allowed to make a foreign direct investment in multi-brand retail (physical brick and mortar store) and so, the company operates in a different way.

I do think we have seen and will see generation skipping in India, which will be exciting and some of that learnings, we will bring back to other markets that we have, he said.

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