Walmart CEO in India; has this to say as Flipkart eyes next 300 million e-commerce customers

Walmart President and CEO Doug McMillon, who is in India for an internal business trip, is delighted with how Flipkart is making progress towards impacting India’s next set of millions of users coming online with e-commerce. India’s e-commerce market is expected to grow to $150 billion in size by 2022 even as the number of internet users in India might grow by almost 2X from 450 million in 2017 to 850 million in five years, according to a report by Nasscom and PwC India in October last year.

“He is delighted with the progress the team is making to take e-commerce to next 200-300 million customers in India, and bring a great selection through right affordability construct to consumers in the country,” Rajneesh Kumar, Chief corporate affairs officer, Flipkart Group said in a company statement.