India's new e-commerce rules regressive: Walmart told US govt

Walmart, which acquired Flipkart for $16 billion, told the US government in January that India's new FDI rules for e-commerce were regressive. The rules, implemented from February 1, barred companies from selling products via firms in which they have an equity interest. Walmart argued that the policy discriminated against foreign firms and not just in favour of small local players.