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The Ratings Game: Amazon’s market share in India has grown in recent years as Walmart’s Flipkart has fallen

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Walmart CEO Doug McMillon (L) and Flipkart CEO Binny Bansal shake hands in Bangalore

Amazon.com Inc.’s growing market share in India still poses a big challenge for Walmart, even with help from the biggest name in India’s e-commerce industry, Stifel analysts said Thursday.

Analysts generally agree that, in the long term, Walmart’s WMT, +0.83% $16 billion, 77% stake in Flipkart will help the retail giant gain ground in the growing and increasingly significant market.

See:Walmart deserves more love for its Flipkart win over Amazon

However, it’s a pricey endeavor, and Amazon AMZN, -0.38% has already got a foothold in the country.

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