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Business deals

Walmart-Flipkart deal in question as Indian trade bodies protest

Groups warn it could harm small businesses, aggravate unemployment

Members of India's Aam Aadmi Party's (AAP) trade wing protest in New Delhi against U.S. retailer Walmart's purchase of a majority stake in local e-commerce company Flipkart.   © Reuters

NEW DELHI -- Indian traders, workers and farmers have stepped up their campaign against U.S. retailer Walmart's proposed acquisition of India’s biggest e-tailer Flipkart, demanding that the government stop the $16 billion deal on the grounds that it will harm the nation’s economic and digital sovereignty and hit millions of jobs.

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