Wal-Mart Battles With Marx’s Ghost in India

By William Pesek – India (SENSEX) has a Wal-Mart problem. This may not sound remarkable, considering that China and the U.S. do as well.

China’s preference for sweatshops to supply the Arkansas- based behemoth impedes the creation of a vibrant domestic market. America’s addiction to cheap goods made in China helped kill a once-prosperous manufacturing sector.

India’s...