Morgan Stanley warns Walmart may exit Flipkart

tech.economictimes.indiatimes.com

As new FDI rules kick in, Walmart is being tipped to abandon Flipkart if it isn't able to see a long-term path to profitability, according to Morgan Stanley analysts.

Meanwhile, Walmart is using Flipkart's Myntra brand to test a potential expansion into Canada. Walmart had said before the acquisition could help it expand globally, although that was assumed to be into developing markets.

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