Starbucks (SBUX.US) doubles down on the Indian market: plans to add one hundred new stores each year, CEO says "Expansion takes priority over profitability"

According to the ZhuTong Finance APP, despite facing adjustment pressure in global operations, Starbucks (SBUX.US) is pressing the accelerator in the Indian market. The coffee giant's joint venture with the Tata Group in India, Tata Starbucks Pvt., plans to add 50 to 100 stores annually in India, in an effort to seize the growth dividend of the coffee market in the country with the largest population in the world.