People shop at a Bharti-Walmart store on the outskirts of Chandigarh, India, Sunday, Sept. 16, 2012. India agreed Friday to open its huge market to foreign retailers such as Wal-Mart as part of a flurry of economic reforms aimed at sparking new growth in the country's sputtering economy. (AP Photo/Saurabh Das)
MUMBAI: Wal-Mart’s India expansion is stalled.
When India announced last September that it would allow foreign supermarket chains to take majority ownership of their Indian operations, it marked a victory for Wal-Mart Stores Inc, which had spearheaded efforts to open the market and said its first retail store would open within two years.
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