Amazon, Google, Alibaba are making a beeline to tap Indian retail space

According to the World Bank, India is presently the seventh largest consumer market in the world

The power of the Indian consumer was largely undiscovered by global majors until US retail giant Walmart decided to put its biggest bet in the country in May pumping in as much as $16 billion to pick up a majority stake in Flipkart.

Walmart has been attempting to enter India for years but did not see much success.

Now, with the deal seeing a successful closure, many other large global majors have taken notice and are exploring every possible option to tap the last large open global market.

Warren Buffett’s Berkshire Hathaway already picked up a small stake in Vijay Shekhar Sharma-promoted One97,