After months (years?) of speculation, it's official -- Wal-Mart is setting up a B2B joint venture with Bharati Enterprises to enter to the Indian market.
I'm not sure what the impact will be, but one of the most interesting things to watch may be how W-M's reputed supply chain organization will link small farmers and manufacturers to retailers. (It's estimated that 30%-40% of India's food rots in the fields or spoils in transit due to insufficient infrastructure.) It's not an incredibly sexy topic, but it certainly could have an incredible impact.
An endnote: I have to say, I have to delight in the thought that in the near future, whether in sleepy old Sonora or dusty Delhi, people like my grandmother will be able to unite in pursuit of an ever-better buy (Grandma: "Why would I spend $70 on a pair of jeans when I can get them for $12.99 at Wally World? Are you crazy?")