Everybody loves convenience, everyone wants to save time. But we had built a business called the Supercenter business that was one stop shopping that helped people save time and you had instant gratification because you could walk in the Supercenter and you could get 120,000 SKUs, and they were the best items from around the world.

Businesses grow and they don't change enough and they decline over time. Retailers do that on a bit of a faster cycle.

We get to do business all over the world, and it's rare to have such a big economy [India], growing so fast, and creating so much opportunity for so many. We want to be part of the process to strengthen the country, to serve its citizens and to demonstrate that we're a trusted partner across all these dimensions.

It has been an exciting time to be at Walmart. Looking back, I'm not sure I could have imagined some of the things we're doing in our business today but, at the same time, it feels like we're just getting started.

The competitor to be feared is one who never bothers about you at all but goes on making his own business better all the time.

Whatever you like to do, make it a hobby and whatever the world likes to do, make it a business.