Letter to BS: How Flipkart-Walmart deal will benefit Indian customers

One has to admire the foresight, grit, perseverance and “guts of steel” of Sachin and Binny Bansal for creating a mind-boggling valuation of $ 20 billion in a relatively short period. Unlike “doomsday” critics who look at the Walmart-Flipkart deal as a “sell-out of the country’s jewels” I feel the takeover has a lot of positives for us all.
 

First, the Indian customer has a lot to gain. Walmart is the world’s most competitive company. It manages to procure at the lowest prices, its own expenses per unit of sale are low — helped no doubt by its size —