Walmart Aims To Source $10 Billion Annually From India, Says Global CEO Doug McMillon

Walmart’s global CEO and president Doug McMillon on Tuesday (June 24, 2025) reaffirmed the company’s commitment to Walmart India growth, setting a target to source $10 billion a year from the country. He praised India’s rapid economic progress, calling it rare for such a large economy to grow so fast.

Mr. McMillon spoke at an event in New Delhi showcasing Walmart’s operations in India. He noted that while a single visit offers just a glimpse of the Indian market, repeated trips have shown him the breadth and depth of India’s economic transformation.

“At the beginning, we were sourcing products here,” he said. “There were limited categories, but we were excited to get started. Look at what’s happened in our sourcing business. It’s grown a lot and now we have this goal of getting to $10 billion a year.”

Mr. McMillon said Walmart holds a long-term perspective on India. “We’ve been here for many years and you can expect that to continue,” he added. “We see growth in India, we see entrepreneurship happening here.”

He said it was rare to see a major economy creating such opportunities and expanding so quickly. He described India’s momentum as exciting for global businesses like Walmart.

Learning from Flipkart and PhonePe

The Walmart CEO also spoke about the company’s acquisitions of Flipkart and PhonePe. He called the growth of these businesses “inspiring” and said Walmart was learning from their innovation and speed.

“The ability to serve more customers, support sellers, and build a bright future in e-commerce is something we admire. These ventures offer a huge opportunity for everyone,” Mr. McMillon said.

Walmart’s focus on Walmart India growth reflects its confidence in the country’s business environment and digital commerce potential.

Also Read: Defence Ministry Signs ₹1,981.90 Crore Deals To Strengthen Army’s Counter-Terror Operations