Amazon’s India boss has said ecommerce needs to thrive to counter slow economic growth in India.
In Brief:
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Amit Agarwal made the comments to Reuters, saying Amazon has created 200,000 jobs since entering the Indian market in 2013.
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This year India has made regulations tougher on ecommerce companies.
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Local rivals to Amazon in India include Shopee and Walmartowned Flipkart.
What does this mean?
A key element of Amazon's potential to boost the nation's economy comes with its commitment to supporting SMEs by boosting exports from India's small businesses.
