Amazon, the world's largest e-commerce company, has dropped various products from its Global Store in India following the recent FDI norms for online retailers, The Times of India reported.
The development will hurt Indian consumers, as they will find it hard to buy goods from the US, said the report.
According to Marketplace Pulse – a data platform on the online marketplace, from a peak of 6 million products before February, there were just about 6,000 products under the Global Store on Amazon India last month, the report said. Amazon Exports Sales LLC is the main entity for the Global Store, selling directly from India.
After China and Mexico, India was the third largest market where Indians could buy products directly from the US via the local marketplace, the report said, adding that separate page on the website for global products does not exist anymore when checked on the weekend.