Walmart Predicts Increased Domestic Consumption, Bigger Retail Market In India

Walmart India expects an increase in domestic consumption and an expansion in the local retail market, according to company president and CEO Krish Iyer. According to Iyer, the Modi government's efforts to make it easier to do business in the country will have a positive impact on India's overall retail market. Among the government's proposed reforms for the Budget 2015-16 are the creation of universal social security system for all Indians, the establishment of senior citizen welfare fund, and a higher limit in deduction of health insurance premium.