Amazon Exec: encouraging ecommerce vital to India

August 22, 2019 | Business
Written by FinTech Alliance
Amazon Exec: encouraging ecommerce vital to India

Amazon’s India boss has said ecommerce needs to thrive to counter slow economic growth in India.

In Brief:

  • Amit Agarwal made the comments to Reuters, saying Amazon has created 200,000 jobs since entering the Indian market in 2013.

  • This year India has made regulations tougher on ecommerce companies.

  • 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. 

Read more here.

 

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