Clamoring to enter India's red-hot retail sector, the world's largest chains, including WalMart Stores, Carrefour and Tesco, are seeking the best way to enter the country, despite a government ban on foreign direct investment in the market. Recent large investment by major Indian businesses, like Reliance Industries and Bharti Airtel, have increased the sense of urgency for foreign retailers..... Last week Bharti Airtel indicated that it was in talks with Wal-Mart, Carrefour and Tesco to set up a retailing joint venture .... India's retail sector is attractive not only because of its fast growth, but because family run street corner stores have 97% of the nation's business. But this industry trait is precisely why the government makes it hard for foreigners to enter the market. Politicians frequently argue that global retailers would destroy thousands of small local players and fledgling domestic chains.
Identify the world's largest MNC in retail market.
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → Wal - Mart stores
The passage names Wal-Mart Stores, Carrefour and Tesco as the world’s largest chains trying to enter India’s retail sector, with Wal-Mart named first.
Note: This passage is taken from Box 5.1, ‘Retail chains scramble to enter Indian market’, of the chapter ‘Change and Development in Industrial Society’, which was there in the pre-rationalised NCERT, which NTA followed in 2023. This box has been deleted from the NCERT book (2025-26), though the chapter is still there with its lines on liberalisation, the Parle–Coca Cola deal, disinvestment and outsourcing. NTA built five questions on one box here, so do not skip the boxes in any chapter.
NCERT: Social Change and Development in India — Chapter 5: Change and Development in Industrial Society, Box 5.1 (Pre-rationalised)
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