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Narendra Modi's clampdown on e-commerce in India may not win back votes of small retailers

Updated : December 28, 2018 04:51 PM IST

From Feb. 1, e-commerce firms such as Amazon.com and Walmart-owned Flipkart Group will not be able to sell products from companies in which they have an equity interest or form exclusive agreements with sellers.
Intended to prevent predatory pricing and deep discounting, the curbs follow intense lobbying by India's many millions of small shopkeepers and the middlemen who serve them, particularly after Walmart this year spent $16 billion to acquire Flipkart.
Narendra Modi's clampdown on e-commerce in India may not win back votes of small retailers
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