Reliance Jio10 min ago
Crackdown against Amazon, Flipkart: When your discounts will be curbed and more
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
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.
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New norms from February 1
1/7February 1: The date from which the clauses prescribed by the Government will be effective. (Pixabay)
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Vendor's inventory limit
2/7Inventory 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)
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E-commerce transactions
3/7$19.5 bn: worth of e-commerce transactions at a gross level before returns and rejections. (Pixabay)
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E-commerce market share
4/775%: market share held by top two players in India. (Pixabay)
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Number of online shoppers
5/780-100mn: Online shoppers in the market and growing organically. (IANS)
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E-commerce growth
6/786%: Growth projected in e-commerce in the next five years. (Pixabay)
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Valuation of e-commerce retail logistics
7/7$1.35 bn: Valuation of e-commerce retail logistics market in 2018. (Reuters)
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