Business & patriotism, mutually exclusive?

Flipkart's sale to Walmart didn't signal that founders of the online retail firm were less patriotic than an earlier generation of business leaders. It meant they were driven by different value system

Flipkart’s sale to Walmart in April this year has caused widespread cheering amidst intriguing questions of business and patriotism. Reputed commentators have bemoaned the loss of India’s premier start-up to owners from abroad. This transaction, and the associated fallout, occurred in an environment of increasing deregulation on foreign ownership in sectors ranging from defence to single-brand retail. We believe that this openness to sell to foreign owners develops from value systems that evolved based on the political and social context of a particular time, resulting in distinct generational mindsets of leadership. 

The Creating Emerging Markets project at Harvard Business School