Two American firms are ruling the Indian retail industry.In 2020, Amazon and Walmart together clocked higher sales in India than eight of the top domestic retailers combined, according to data from London-based market research firm Euromonitor International.Besides Mukesh Ambani’s Reliance Industries, which has increased its focus on retail in recent years, the two American giants topped some of the oldest retail firms in India, including Kishore Biyani’s Future Group, Avenue Supermarts (which operates the popular D-Mart chain), Tata Group, and Aditya Birla Group.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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