I think the positive competition between states in India is one of the most positive dynamics that the country has.
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India is an important part of Walmart's story and over the past two decades, we've strengthened and expanded our partnerships in the country to empower people and help local businesses grow
I have always been bullish about India's potential. I still am, and I feel India is a country that really has an enormous amount of potential and has the human capital to succeed.
If you want to know India, study Vivekananda. In him everything is positive and nothing negative.
After Independence, Congress ignored the potential of India, which is why even 6-7 decades later, the country could not achieve the success it deserved. There were two main reasons: for a long time, the Congress government kept the country entangled in a 'license raj', and when globalisation arrived, they focused only on imports and even then misappropriated thousands of crores.
India does not need to become anything else. India must become only India. This is a country that once upon a time was called the golden bird.
I've never believed protectionism of that kind will lead us anywhere. I think you can have certain specific rules for engaging with India.. for example, not allowing mineral resources to be taken out of the country.. but there is not a shred of doubt in my mind that when you open an economy you should do it in totality. Foreign investment adds a sense of competition; we should see this as a wake-up call to modernise and upgrade. Companies that do not will undoubtedly die.
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