Flipkart-Walmart deal will not benefit India: Traders body
The Confederation of All India Traders (CAIT) has said the Walmart-Flipkart deal will only benefit the venture capitalists, investors and promotors, and not the country. They also said it is a clear attempt by Walmart to dominate the retail trade in India through e-commerce. "There will be an uneven level playing field to the disadvantage of retail traders," CAIT added.