Amazon and Walmart, rivals in the US and many other parts of the world, are on the same page in shrugging off slowdown blues in India.
In the run-up to its festive sale, Seattle-based Amazon has said there is no slowdown in online consumer spending in India. Flipkart, majority owned by Walmart and Amazon India’s biggest competition, is also bullish on the country’s e-commerce segment, ruling out any sign of a downturn as it prepares for Big Billion Day.
This, after industry experts pointed at a dip in online buying. According to a report by consultancy firm Kantar, the number