Walmart's $16bn Flipkart buy signals India's retail FDI potential
Walmart's acquisition of Flipkart at a $20bn-plus valuation marks a landmark bet on India's $750bn retail sector. The deal should re-rate Indian e-tail, intensify competition with Amazon, Reliance, DMart and Big Basket, and pressure the government to revisit FDI policy.
Walmart's $16bn-plus acquisition of Flipkart, valuing it above $20bn, signals India's retail FDI potential, should re-rate Indian retail, intensify competition with Amazon, Reliance, DMart and Big Basket, and pressure government to review FDI policy.