Tag Archives: FDI in E commerce

FDI in E-commerce – Under cover of the ‘honeymoon’ period: Aditya Velivelli

Guest Post by ADITYA VELIVELLI

Although Mr. Modi has said that he has not had the luxury of a ‘honeymoon’ period, recent news headlines say otherwise. For instance PTI carried this headline on June 7: “Modi hailed as new ‘fashion icon’ by American media” and Christian Science Monitor has “Modi 2.0: How India’s new prime minister may have evolved” without waiting to evaluate Mr. Modi’s performance over the coming months.

One should look beyond these headlines to see what the new Government is up to under cover of the ‘honeymoon’ period.

Reuters reported on June 4 that the Modi Government will be allowing FDI in online retail or business to consumer (B2C) e-commerce during the upcoming budget session in July. FDI in e-commerce would mean foreign entities such as Ebay, Amazon and Walmart can start selling their inventories directly, and can have their own supply chains. No comment or analysis has been offered by the news media or the opposition parties so far. Neither was attention paid to the multiple instances of opposition from retailers body CAIT. Continue reading FDI in E-commerce – Under cover of the ‘honeymoon’ period: Aditya Velivelli