India is a massive market for e-commerce business

Cabinet okays 51% FDI in multi-brand, 100% in single brand retail, with this it will create a level playing field. Hope, this decision will be cheered by global retail giants such as Wal-Mart that have long been eyeing India's lucrative retail sector worth an estimated $450 billion a year.

The two American retail giants have fought in India market like one foreign investor sold the stake to other foreign investor to invite the globe competition and it is like the battle unfolding among global tech players in India. The real case study and the test bed is Indian market where about 220 million on-line users with 1 billion mobile phone market and it is increasing post Modi regim, talking most about digital India, it has helped the global company Walmart, the world's largest retailer, and Amazon, the e-commerce behemoth to venturing into India market, where as Amazon has invested billions of dollar in India market, with the entry of Walmart ,they are also going invest few more billion dollars in India to grow the multibrand retail industry, which is sunrise industry, where the online retail is just 3% of total about business in india, it can grow definitely to grow into double digit in this fastest growing major economy, India. It is absolutely true that, India is a massive market for e-commerce business and there is promising opportunity for the world’s biggest retailers to invest....Read More