Historically, the structure of retailing in India was very
fragmented with a large number of very small stores serving most of
the market. Supply chains were also very poorly developed and
fragmented. As recently as 2010, larger format big box stores,
chain stores, and supermarkets only accounted for 4 percent of
retail sales in the country (compared to 85 percent in the United
States). This might sound like an ideal opportunity for efficient
foreign retailers such as Walmart, IKEA, Tesco,...