Overview

• Since 2002, Walmart has sourced over $30 billion of goods from India and now aims to source $10 billion annually by 2027.
• Global CEO Doug McMillon said Walmart is intensifying collaboration with Indian suppliers through its Vriddhi programme to meet its sourcing target.
• Earlier this month, Walmart announced plans to onboard 100,000 additional micro, small, and medium enterprises in India through Vriddhi over the next three years.
• Walmart’s e-commerce unit Flipkart and payments platform PhonePe have delivered strong growth and are preparing for public listings, with PhonePe expanding into mutual funds and insurance.
• McMillon described India’s rapidly growing economy and expanding manufacturing base as a critical pillar in Walmart’s global supply chain strategy.