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Government likely to allow FDI in e-commerce

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Foreign Direct Investment (FDI) in e-commerce will pave the way for global majors like Amazon, eBay and others to expand their business. India currently prohibits global online retailers from selling goods directly to customers.

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Prime minister, Narendra Modi, could allow foreign direct investment in India’s e-commerce sector as early as next month, paving the way for global online retailters. A more robust online retail sector will spur manufacturing and help an economic revival opine  experts. A formal announcement is expected in the budget next month.

Banning direct sale now, India allows them to own 100 percent of market place business, where third-party suppliers can use their platform . Both Amazon and eBay use such a platform to operate in the country.

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