flipkart-walmart deal is a sad sign
Per Bloomberg, the flipkart-walmart deal is a sad sign for Indian consumers and producers. If Walmart had $16 billion to invest in India, the money would’ve served Indian consumers better had it gone into stores that secured the supply chain for the basic goods, especially fresh produce, that are a big component of poorer Indians' consumption basket. Chronic under-investment in farm-to-table supply chains means that Indians otherwise have to deal with high and sharply fluctuating food prices. Farmers, too, would have gotten a better deal.
Instead, Indian bureaucrats remain too short-sighted, too statist and too distrustful of foreign companies to allow such a thing. So we’ll have to settle for a distant second-best when it comes to Walmart's India operations. This deal isn’t a sign that India’s leapfrogging past big-box stores to some digital retail utopia. It’s yet another indictment of Indian politicians’ limited vision. more
Instead, Indian bureaucrats remain too short-sighted, too statist and too distrustful of foreign companies to allow such a thing. So we’ll have to settle for a distant second-best when it comes to Walmart's India operations. This deal isn’t a sign that India’s leapfrogging past big-box stores to some digital retail utopia. It’s yet another indictment of Indian politicians’ limited vision. more
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Oct 31
You will get free flow of Chinese goods, Bangaldesh dresses, Srilanka tea, Eurpoean Beef tinned. Enjoy India. You are a shameless state VOTE BJP destroy nation more
May 18
Shows the way the cookie crumbles,flipkart people made fools of the public their associates and sold of a running enterprise to the foreighners and let the reap the fruits for which they toiled so hard and many good workers left flipkart earlier seeing these signs on the coming. more
May 11
Deal helps the wallmart to capture Indian Market. Economy of our country will be dictated by Multination cos. resulting losses to our industries, retailers and generation of unemployment. more
May 10
