Walmart may exit Flipkart due to new FDI rules: Morgan Stanley
- According to the report, Walmart-Flipkart saga might turn out to similar to what happened with Amazon in China in late 2017
- An exit is likely, not completely out of the question, the report by Morgan Stanley said
Retail giant Walmart may exit Flipkart after India's new Foreign Direct Investment (FDI) norms for e-commerce companies came into force, US investment banker Morgan Stanley has warned.
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