Wall Street biggie Morgan Stanley said Walmart may exit Flipkart in a similar move to what Amazon did in China if the retail giant can’t see a long-term path to profitability.
“an exit is likely, not completely out of the question, with the Indian ecommerce market becoming more complicated”. [Morgan Stanley/source]
As per Morgan Stanley, Flipkart might need to remove 25% products from its site (Amazon is already doing that).
That is, Flipkart is up for a serious disruption, delaying the profitability by a few years and might make Walmart abandon the kart.
