So far in 2012, Walmart has spent more than $3 million on its various lobbying activities, including those related to India. As per its disclosure reports, the company has continuously lobbied for its India entry since 2008, except for a few quarters in 2009.
The Indian retail market is estimated to be worth about $500 billion currently and is pegged to cross $1 trillion mark by 2020, given the rising personal income.
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