New Delhi, May 9 -- US-based retail major Walmart Inc. has described India as one of the most dynamic markets for global commerce, with cumulative sourcing from the country exceeding USD 40 billion.

The company had earlier announced a target to source goods worth up to USD 10 billion annually from India by 2027.

"We have already sourced more than USD 40 billion in goods from India and are focused on strengthening entrepreneur and supplier capabilities, raising compliance and quality standards, and helping scale manufacturing so more Indian businesses are ready to export," Walmart President and CEO John Furner was quoted by PTI as saying.

"This work is expanding economic opportunity and connecting innovative businesses in India with cus...