Earlier quoted context omitted.
This is crazy! As we all know, online retailers are killing local businesses, in US it might make sense because the profit goes to another sector of economy, Amazon is going to hire more developers and invest in other products that in long run might not be total lose for the whole economy! what a country like India is going to gain by letting American and Chinese companies destroy her local businesses and take the pr…
Amazon.in in India is a Marketplace. Unlike US, Amazon does not sell anything directly to consumers. You will see "Full-filled by Amazon". This in fact presents great opportunity to local and far flung businesses who did not had access to market. The foreign direct investment in retail sector is not all open in India. Also as far as I know, most companies can't move huge amount of money to mainland easily. Double tax…
https://www.livemint.com/Companies/1EdpKoAY7GoZLh57pXuwkO/Am...