Wal-Mart Waits With Carrefour as India Wins Instant Gain: Retail

Wal-Mart Stores Inc. and Carrefour SA waited seven years for access to India’s $400 billion retail market. They may have to wait almost as long to make a profit in the world’s second most populous nation.

Expensive real estate, a warehouse shortage and congested roads will force foreign retailers to spend about 20 billion rupees ($382 million) on supply systems, said Anand Ramanathan, associate director at KPMG Advisory Services in India.