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FDI Reforms: Thousands of Products Removed from E-commerce Portals
February 05, 2019
As the government has introduced new rules for Foreign Direct Investments (FDI) for e-commerce companies in India, the market growth is expected to take a big hit.
The government has banned top players viz. Amazon and Flipkart from making exclusive deals with select sellers, offering heavy discounts, etc. in the interest of small sellers across the country. As a result, the duo has started making appropriate changes, one of which is removing thousands of products from their websites.
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