India 's e-commerce sector could lose up to $46bn in sales by 1 February after restrictions on foreign investment are implemented on 1 February , according to draft documents from PwC. Amazon said in a statement it remains “committed to be compliant to all local laws” but has asked the government for a an extension of four months. The rules prevent companies selling goods via firms in which they have an equity interest, or forcing sellers to exclusively use their platforms. It follows lobbying from Amazon , which accused online traders, including the Confederation of All India Traders and Walmart -owned the Confederation of All India Traders , of predatory pricing that harms India 's small traders.
India 's e-commerce sector could lose up to $46bn in sales by 1 February after restrictions on foreign investment are implemented on 1 February , according to draft documents from PwC. The rules prevent companies selling goods via firms in which they have an equity interest, or forcing sellers to exclusively use their platforms. It follows lobbying from Amazon , which accused online traders, including the Confederation of All India Traders and Walmart -owned the Confederation of All India Traders , of predatory pricing that harms India 's small traders.