Walmart doubles down on India: $40B sourced, $10B annual target by 2027
CEO John Furner's maiden India visit reaffirms Walmart's $10B annual sourcing goal by 2027, with $40B already shipped. Vriddhi program to onboard 170,000 MSMEs by 2028; Flipkart-owned PhonePe files for IPO.
Walmart CEO John Furner, on maiden India visit, says India has supplied over $40 billion in goods and reaffirms $10 billion annual sourcing target by 2027. Vriddhi program to support 170,000 MSMEs by 2028; PhonePe IPO filed.
Why this matters
As Walmart leans on local SKUs amid 75-year-low US consumer sentiment and pours capex into store remodels and fulfillment hubs, India sourcing scale-up offers a cost and growth hedge.
Retail-company signals steady at 3,525 over the past 90 days.