Bezos Pumps in Another $1 Billion in India, But Amazon Gets the Cold Shoulder
Amazon (NASDAQ: AMZN) founder Jeff Bezos recently visited India and announced that the e-commerce giant will invest $1 billion in small businesses in the country. While speaking at a summit for small- and medium-sized businesses (SMBs) in New Delhi, Bezos claimed that Amazon is aiming to export $10 billion worth of goods from India by 2025.
Amazon investors would ideally be elated with this announcement. After all, India is a fast-growing e-commerce market that could hit $200 billion in revenue by 2026, from just $39 billion in 2017, according to a third-party estimate.
But a closer look at the situation in that country makes it clear that Amazon is on a slippery slope.
Source Fool.com
