Walmart still fascinated by India’s middle-class

Chennai: Despite the recent regulatory changes, Walmart finds India to be an important growth market. However, it is disappointed with laws changing quickly.

“We will have legislation changes, we know that and you work your way through it. It is disappointing that you have a law like that changed that quickly, but we have made the adjustments and we are moving forward,” said Walmart Chief Financial Officer Brett Briggs said at Raymond James Institutional Investors Broker conference call on Tuesday.

When you make investment in India, note, things are going to change. They did the first time we were in India and they will again, we know that. We knew that going into an investment…in the long term this is still a great opportunity for Walmart,” Biggs said.