If you are shopping online then you will now have to wait at least 4-7 days for the deliveries to arrive as compared to 1-2 days earlier, and pay relatively more, after the new e-commerce FDI policy took effect.
The impact is especially felt on Amazon, which has removed a significant amount of products from its platform across categories like mobile, electronics, grocery and fashion, among others. Sellers like Cloudtail and Appario (where Amazon is a JV partner) have almost become nonexistent on the platform. After Amazon’s December quarter earnings on Friday, company CFO Brian Olsavsky told analysts the new policy will hit pricing and selection for consumers as well as sellers in India. Read full story.