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Walmart had told US govt that India’s FDI in e-commerce rules were ‘regressive’: report

Update: A Walmart spokesperson told MediaNama that the company regularly offers inputs to the US and Indian governments on policy issues related to the retail sector and that this is a "past issue". The spokesperson further told that "Walmart has had good consultations with the Government of India, including recent consultations with the Ministry of Commerce, and we appreciate the efforts they are taking to create a strong business environment and its clear commitment to consult with stakeholders on important policy issues. We look forward to further contributing to a vibrant retail ecosystem that supports India’s inclusive economic growth and is consistent with our long term commitment to India.” Earlier: India’s norms on FDI in e-commerce is a “major change and a regressive policy shift”, Walmart had privately told the US government in January this year, reports Reuters citing a…

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