Walmart could exit Flipkart as tough new e-commerce rules bite, says report
Updated : February 05, 2019 09:12 AM IST
The MS brokerage report came after the new Foreign Direct Investment (FDI) rules for the ecommerce sector came to effect on February 1.
The brokerage report said that Flipkart may need to scrap approximately 25 percent of its products from its site in light of the new rules.
The smartphones and electronics category will feel an immediate impact because of the necessary changes which need to made in supply chains and existing exclusivity deals.