US technology giants going to crisis in India!!!

The government of India has drafted a new e-commerce law to facilitate local companies. If it passes, other US technology companies including Apple, Amazon, Google, Facebook and other US technology companies will have to face major problems in selling the products online in the country's market. News Yahoo! Finance.Various aspects of the new e-commerce bill have already been published in the media. It has been found that, when the draft bill passes, it will be very difficult to manage foreign technology companies in the Indian market. But local companies will benefit from this.The draft bill states that the level playing field will be created in the e-commerce sector of the country, which will help in the development of local startups in India. It also mentions how the bill will save Indian information in the countryside and how foreign companies will sell the country's products online.It will not be clear when the draft policy will become lawful. However, in the media report of India, it is being said that the draft policy is being widely criticized. That is why government officials review the overall policy of the draft policy.

According to market research firm Emarketar, market value of India's e-commerce market will reach $ 3 billion this year, less than US. Over the past year, India's e-commerce platform will increase 31 percent of its products, which is less than just China and Indonesia's market. On the other hand, the US e-commerce market could reach 18 percent this year compared to last year.India's important market to US technology companies That is why these companies are increasing the investment in the country. In 2016, Amazon.com Chief Executive Officer (CEO) Jeff Bezos announced an investment of 500 million dollars in India's e-commerce sector. Amazon usually does not disclose revenue earnings from India in their financial statements. However, its global operations are expected to show losses, they are also willing to count down losses to retain local institutions. The Indian government has concerns about Amazon's plans.The Chinese government has been seen to take steps to provide local companies This has led to a rise in the market value of companies such as Tencent and Alibabar and increased their occupation in the local market. On the other hand, foreign companies like the United States have to fight to increase the occupation of the country.

Recently, Walmart has acquired Indian flagship e-commerce firm Flipkart for $ 1.6 billion. Many business houses, peasant organizations, online dealers and political organizations have protested against the acquisition agreement in India.