CNN Business: India just made life tougher for Amazon and Walmart
Article published: December 27, 2018
IB Economics syllabus: International economics (trade barriers, protectionism)
In order to cut back the influence of large American firms such as Amazon and Walmart, India is now set to restrict foreign e-commerce companies. This is good news for domestic (Indian) companies, as the government is “trying to create an environment ‘where all traders get an equal opportunity to sell.'” With such administrative barriers and embargos, imports are expected to fall, while domestic production should increase benefitting Indian firms.
Source of image: CNN Business video
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