|3||Walmart||Retail||$446.950||January 31, 2012||$208.36||2,200,000||NYSE: WMT||Bentonville, Arkansas||Michael Duke||[|
It has been very successful in eliminating small retailers in america as they can not compete with wall mart for getting things at cheaper prices hiring cheaper labor or getting better technology or design.
WALL mart has been innovative in reducing wasteful packaging and just in time shipping with benefits of effeciencies of scale.
Wall Mart employes lot of american in low wages .It refuses to pay wages enough for families to live a comfortable life.Wages at wall Mart are so low that most of the married wallmart employees working fulltime can qualify for food stamps(govenment aid for food) and medicaid ( medical health insurance provided by government).
You will be hard pressed to find made in america items in Wall Mart in USA.
Will it help India if wallmart or its other cousins were allowed to come to india ?
Answer is yes and no.
Yes if it reduces the wastages in agricultural sector by providing better transportation and storage facilities in India.That is not retail sector.That may be considered infrastructre development.
India should be careful dealing with large enterprises like Walmart .Walmart has annual sales of 400 billion dollars while India has its whole GDP at 1800 billion dollars.
Needs of India is to provide food, healthcare,education,mobility.roads ,transportation and electricity, clean water.
Walmart is known for providing low paying jobs,creating efficiency in distribution