Union Minister Goyal Raises Concerns Over E-commerce Practices

Union Commerce Minister Piyush Goyal criticizes e-commerce giants like Amazon for not adhering to India's foreign direct investment laws and engaging in predatory pricing, which harms small traders. He urges consumers to be mindful of their purchases while reiterating the government's support for technology and online firms that contribute positively.

Union Commerce Minister Piyush Goyal has voiced sharp criticism against e-commerce giants such as Amazon, alleging non-compliance with India's foreign direct investment laws.

Speaking at a chartered accountants' meeting, Goyal highlighted the detrimental impact on small traders and retailers through predatory pricing strategies employed by these companies.

While reaffirming the government's support for technological advancements, Goyal urged consumers to consider the broader implications of their purchasing choices on local businesses.

(With inputs from agencies.)