Crackdown against Amazon, Flipkart: When your discounts will be curbed and more
E-retailers faced a major setback after the Government came up with a review policy regarding Foreign Direct Investment (FDI) in e-commerce sector which gave another perspective to the entire policy framework. It said that these platforms cannot sell products offered by companies in which they own a stake. Also, they will no longer be allowed to enter into an agreement with a company to sell their products exclusively.
New norms from February 1
February 1: The date from which the clauses prescribed by the Government will be effective. (Pixabay)
Vendor's inventory limit
Inventory of a vendor will be deemed to be controlled by e-commerce entity if more than 25% of the purchase of such vendor is from the marketplace entity or its group companies. (Pixabay)
E-commerce transactions
$19.5 bn: worth of e-commerce transactions at a gross level before returns and rejections. (Pixabay)
E-commerce market share
75%: market share held by top two players in India. (Pixabay)
Number of online shoppers
80-100mn: Online shoppers in the market and growing organically. (IANS)
E-commerce growth
86%: Growth projected in e-commerce in the next five years. (Pixabay)
Valuation of e-commerce retail logistics
$1.35 bn: Valuation of e-commerce retail logistics market in 2018. (Reuters)