Durba Ghosh / Quartz
India’s new FDI rules could do some serious damage to Amazon and Flipkart – Indias new foreign direct investment (FDI) rules for the e-commerce industry could result in a massive set back for existing players. The likes of Amazon The likes of Amazon and Flipkart may lose up to 40% in revenuesbetween Rs35,000 crore ($5 billion) and Rs40,000 croreby 2020 due to the tightening …
