Flipkart and PhonePe are market leaders and have a huge addressable market opportunity to tap into going forward, Walmart CFO John David Rainey said
India to be the largest market in the world this year, surpassing China, and it is a really promising opportunity in the future: Rainey
Despite the bullish stance, Flipkart’s marketplace business posted a net loss of INR 4,361 Cr in FY22
Retail giant Walmart expects India to surpass China as its largest international market this year.
“I believe India is going to be the largest market in the world this year, surpassing China. It’s a really promising opportunity in the future,” Walmart’s chief financial officer (CFO) John David Rainey was quoted as saying by The Economic Times while addressing the company’s annual institutional investors call.