India’s trade minister decries e-commerce growth, Amazon’s ‘predatory’ pricing

Quick Summary:

India’s commerce minister Piyush Goyal on Wednesday expressed concern over the rapid growth of e-commerce in the country, warning of potential disruption to small retailers.

He criticized the pricing strategies of major e-commerce firms, questioning whether their reported losses indicated predatory pricing.

Indian law requires Amazon, Flipkart and other e-commerce players to operate as pure marketplaces in the country.

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Article Details

Author / Journalist: Manish Singh

Category: Technology

Markets: United StatesIndia

Topics: Flipkart Amazon India ECommerce Piyush Goyal Commerce

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 08:20:48 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1038 words

Reading Time: 6 minutes read

Sentences: 45 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22192134

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