Modi Won’t Let Amazon Crush India’s Retailers, For Now
The e-commerce giant has already warned investors about the impact of India’s new regulations on its future revenue and earnings growth.
India’s Prime Minister Narendra Modi wants to crush Amazon before it crushes his country’s mom and pop stores. At least until the upcoming elections are over, that is.
Amazon is growing big and powerful. But some governments are already bigger and more powerful than any individual company, and the means to spoil Amazon’s ambitions to take over the world — ie dominate world e-commerce, crushing mom and pop stores in the process.