New languages on Flipkart are in addition to the English and Hindi interfaces available for users while Amazon offers interfaces in English and Hindi only as of now.
Amazon's rival Flipkart has increased the fixed fee (charged on every order delivered successfully) for orders ranging from less than Rs 500 to Rs 1,000 and above.
Currently, India’s retail market, which is worth $850 billion, is the fourth largest globally though largely unorganized. The online retail’s penetration is 3.4 per cent currently.
Digital grocery buying in India is led by BigBasket and Grofers, which already have the voice-search option, while Flipkart and Amazon have been unable to ramp up growth in their grocery verticals, unlike other categories.
AAR noted that the “transaction was designed prima facie for avoidance of tax” and hence there is an “inescapable conclusion” that the Tiger Global entities in Mauritius were set up to derive benefit under India-Mauri
Flipkart had last year registered FarmerMart – a separate entity to foray into the retail trading of food products, manufactured and produced in India, through offline and online distribution and other sales channels such a
Within three weeks after the government began easing lockdown guidelines for online delivery of goods, India’s e-commerce sector seems to have recovered significantly.
Ever since the government gave respite to e-commerce companies like Amazon, Walmart-owned Flipkart, others to deliver non-essential goods, the pent-up demand has led to a surge in orders and product searches.
The general insurance penetration in India between FY09 and FY19 grew from paltry 0.6 per cent to 0.9 per cent compared to the global average of 2.8 per cent.
Walmart's revenues grew 8.6 per cent from $123.9 billion in Q1 2019 to $134.6 billion in Q1 2020, exceeding Wall Street’s expectations of $132.80 billion.
The necessity and aspiration based shopping of non-essential goods, which was suppressed for 40 days, is steadily moving towards pre-Covid level though that’s still a far cry.
40 days of pent-up demand for non-essentials released on Monday brought back some e-commerce action on the first day of the relaxed lockdown guidelines.
Ease of Doing Business for MSMEs: The draft norms provided guidelines for the cleaning of the premises of sellers, including wet mopping with disinfectant once a day, wiping of all trolleys and other industrial machines every
Home Secretary Ajay Bhalla in the notification said “sub-clause (v) under clause 14 on commercial and private establishments” has been excluded from the consolidated revised guidelines.
The number of new sellers joining the marketplace has also declined to negligible post lockdown. Amazon is currently delivering essential goods such as grocery, healthcare and hygiene products etc.
The online retail sector, which recorded $33.5 billion in sales in 2019, was expected to grow 26 per cent to $42.21 billion this year. However, the forecast is now down to just 5 per cent to $35.1 billion.