India Minister Criticizes Amazon's Pricing Practices

India's Commerce Minister Piyush Goyal has raised alarms about the rapid growth of e-commerce, particularly targeting Amazon for alleged predatory pricing practices that he claims threaten traditional brick-and-mortar stores. Goyal expressed skepticism about Amazon's significant investments in India, suggesting they primarily serve to offset business losses rather than promote economic growth. He highlighted concerns that the dominance of e-commerce could lead to social disruption, questioning whether such rapid market changes should be celebrated. While acknowledging the benefits of e-commerce, he emphasized the need for careful regulation to protect small retailers from being driven out of business. Goyal's remarks coincide with a report indicating that e-commerce's growth in India, projected to double every four years, may pose risks to the retail sector. The minister's comments have sparked discussions on the potential consequences of unchecked expansion in the e-commerce market.