Walmart shifting from China to India over lower import costs
Megha Jain
Content Head
Image Credit: newsbyte
Walmart, the world's largest retailer, is increasingly importing goods from India to the US, reducing its dependence on China. From January to August this year, 25% of Walmart's US imports came from India, compared to 2% in 2018. Meanwhile, 60% of shipments were from China during the same period, down from 80% in 2018. This shift is due to rising costs and political tensions between America and China, prompting companies to turn to countries like India, Thailand, and Vietnam.
