Flipkart

Amazon, “Economic Terrorism” and the Destruction of Competition and Livelihoods

Global corporations are colonising India’s retail space through e-commerce and destroying small-scale physical retail and millions of livelihoods. Walmart entered into India in 2016 with a US$3.3 billion take-over of the online retail start-up Jet.com. This was followed in 2018 with a US$16 billion take-over of India’s largest online retail platform, Flipkart. Today, Walmart and Amazon control almost two thirds of[Read More...]

Walmart, Amazon and the Colonial Deindustrialisation of India

Colin Todhunter In June 2018, the Joint Action Committee against Foreign Retail and E-commerce (JACAFRE) issued a statement on Walmart’s acquisition of Flipkart. It argued that it undermines India’s economic and digital sovereignty and the livelihood of millions in India. The deal would lead to Walmart and Amazon dominating India’s e-retail sector. These two US …