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India should encourage ecommerce to revive growth: Amazon
- Friday | 23rd August, 2019
HYDERABAD (Reuters) – India needs to encourage ecommerce and reduce red tape to help small businesses sell online and export goods to help revive sagging domestic economic growth, a senior Amazon.com executive said on Wednesday. India revised its ecommerce rules in early 2019, creating hurdles for Amazon and rival Walmart Inc’s ecommerce subsidiary, Flipkart. Agarwal said Amazon works with some 500,000 sellers, and has created over 200,000 jobs in India since launching its ecommerce operations in 2013. India is considered the last major growth market for the e-commerce giant and founder Jeff Bezos has committed investments of more than $5 billion toward Amazon’s expansion in India. Amazon said the new campus in India, spread over 9.5 acres, cost hundreds of millions of dollars and could house more than 15,000 employees.
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