India’s hot economy makes it attractive to companies eager to sell goods to its massive population. Walmart and Amazon have pushed hard to catch up to Flipkart and to establish a substantial foothold in the country. But instead of competing with Flipkart, Walmart has essentially taken over the company. Amazon, which operates an online marketplace in India, was reportedly in talks with Flipkart as well — but Walmart won it. But Walmart believes India, which has 1.3 billion people, could be among the world’s top five e-commerce markets within the next five years.

Source: National Post May 09, 2018 14:01 UTC