Wal-Mart Stores is an irresistible retail shopping force in the world we live in today. Majority of our fellow Americans have shopped at the nation’s number one retailer one time or another due to their catchy motto, “Save Money. Live Better.” or “Every Day Low Prices.”. It is also the number one retailer in Canada and Mexico. Today, the company employs 2.2 million associates worldwide and serves 200 million customers each week at more than 10,000 stores in 27 countries. One of those recently added countries being India. India is the second largest country with a population of over 1.2 billion people. The country thrives off of small businesses headed by poor families trying to make a living and to support their families. In the past decade however, India has made it clear they want to expand their horizons. This idea is not favored with everyone due to the fear of forgetting India’s roots and traditions to the modern way (or Western way). It is also causing a stir about the decline in profit to small businesses.
The value of Indian economic output in 2012 will be $1.95 trillion and $2.12 trillion in 2013. That makes it one of the 10 largest economies in the world. India has already overtaken several rich countries such as Canada as far as the size of its economy goes. But faster economic growth is important as well as creating a robust economy that offers many opportunities to 1.2 billion Indians. The way to ensure this is not temporary; it’s monetary and fiscal stimulus. This process will bring about more structural changes such as an investment revival, a new wave of reforms, higher investment in human capital and better infrastructure. “Independence heightened their need to flee in order to achieve a decent standard of living in the West.” –Birmingham Post Roshan Doug. Doug is stating that the Indians achieved their independence from Britain