’Amazon investment won’t support Indian economy’: Piyush Goyal flags ‘predatory price’ risks for local retailers

Union commerce minister Piyush Goyal on Wednesday launched a broadside on multinational e-commerce companies—naming Amazon—saying they indulged in predatory pricing to beat down domestic ‘mom and pop’ stores.

He was speaking at the launch of a report, titled ‘Assessing the Net Impact of e-Commerce on Employment and Consumer Welfare in India’, published by the Pahle India Foundation, a Delhi-based policy research institute founded by former Niti Aayog vice-chairman Rajiv Kumar.