Flipkart will generate losses for next few years: Moody's
Credit rating agency Moody's has said it expects that Flipkart will continue to generate losses for the next few years. However, it added Walmart's acquisition of 77% stake in Flipkart is 'credit positive'. "Our credit-positive view is based on India's compelling features, including its 1.2 billion residents and an economy that generates more than 7% annual GDP growth," Moody's said.