Do not underestimate Walmart: Indian Flipkart deal will transform e-commerce and create jobs

Walmart has finally acquired major stakes in Flipkart in what is being hailed as the world's biggest e-commerce deal, valued around $18-20bn.
An official statement by Walmart said that the investment will help accelerate Flipkart's customer-focused mission to transform commerce in India through technology, and underscores Walmart’s commitment to sustained job creation and investment in India.
Walmart has been attempting to enter the Indian retail market for more than 15 years but the