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India opens retail to global markets:

Link: http://www.bbc.co.uk/news/world-asia-india-19596091

After reading the articles “India opens retail to global supermarkets”, various important points where noticed when talking about India and its potential growth due to the opening of the retail to global supermarkets. From what can be read there will be short-run and long-run externalities. When talking in the short-run, yes, the opening of retails to global market will create attraction for international corporations such as Walmart. If these where to enter the market and possess 51% of the market share as said in the articles, in the long-run it may take advantage of that market share to reach the point in which the company would have monopolistic power. The Indian economy will grow and stabilize as the government took similar precautions in previous years.

In other words, it is a great opportunity for Walmart to expand and create larger revenues by expanding internationally.

Image: Walmart entering India. Digital image. Thoughtful Inida. N.p., n.d. Web. <http://thoughtfulindia.com/2011/11/hello-walmart-cabinet-approves-51-fdi-in-indian-retail-to-tackle-inflation/>.