Home Current Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos

Amazon, Walmart Reel as India Curbs Plunge Market Into Chaos

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Amazon, Walmart Reel as India Curbs Plunge Market Into ChaosPrime Minister Narendra Modi’s government tightened rules for the retail giants after strident complaints from small shops and domestic sellers. Amazon and Walmart’s Flipkart are now banned from cutting exclusive arrangements with sellers, offering deep discounts or holding any business interest in online merchants on their websites. Thousands of products have already vanished from the virtual shelves of the duo, which together account for 70 percent of India’s online retail market.