Indian Retailers Shouted Jeff Bezos Go Back When The Amazon CEO went to India to invest $1 Billion

Jeff Bezos

BUSINESS

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In a packed auditorium in New Delhi, Bezos made a surprise announcement: he declared that Amazon would invest $1 billion over the next five years to bring more than 10 million small and medium Indian businesses online, and help them sell their products around the world.

Amazon’s aggressive expansion in India has helped kickstart an e-commerce boom in a country where hundreds of millions of people have rapidly come online through cheap smartphones and data plans in the last few years.

This expansion has come with significant pushback: it has angered millions of small brick-and-mortar businesses, who say that Amazon and Walmart-owned Flipkart, which dominate online shopping in the country, are affecting their livelihoods by using their deep pockets to heavily discount products and undercut traditional retailers.


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