Wal-Mart, the world's largest retailer, has officially planted its flag on Indian soil with the recent opening of its first wholesale store in the country. India is held up as one of the world's most attractive emerging retail markets, although significant obstacles remain before the country to live up to its potential. Raghavendra Verma reports from New Delhi on the Wal-Mart venture and local opinion on the US heavyweight's latest move.
India has attracted increasing attention from multinational retailers in recent years. Alongside China, India is viewed as one of the top economic powerhouses of Asia, generating 19.8% of the Asia-Pacific region's food retail value. While India’s organised retail market is still in its infancy it offers huge potential for expansion. Here are ten quick facts on Indian retail.