India’s new protectionist laws threatens Walmart

In India, Amazon and Walmart, owner of Flipkart, are in the target cross-hairs aimed by ‘Kiranas’, who are traditional family shops that sell a little of everything on every street corner. The “Kiranas” are very small mom and pop stores, which represent 90% of India’s retail sector. Exasperated by “predatory prices” demanded by the foreign digital marketplaces, the owners of Indian “mom-and-pop stores” demanded that Parliament restrict Foreign Direct Investment (F.D.I.). These rules became law