{"id":41678,"date":"2024-08-21T08:35:00","date_gmt":"2024-08-21T08:35:00","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2024\/08\/21\/piyush-goyal-says-growth-of-e-commerce-in-india-matter-of-concern-n-f-times\/"},"modified":"2024-08-21T08:35:01","modified_gmt":"2024-08-21T08:35:01","slug":"piyush-goyal-says-growth-of-e-commerce-in-india-matter-of-concern-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2024\/08\/21\/piyush-goyal-says-growth-of-e-commerce-in-india-matter-of-concern-n-f-times\/","title":{"rendered":"Piyush Goyal says growth of e-commerce in India \u2018matter of concern &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\u00a0<\/p>\n<p>New Delhi: Commerce and industry minister Piyush Goyal raised concerns about predatory pricing by e-commerce platforms and the likely loss of employment in the traditional retail sector. Acknowledging the role of e-commerce, the minister said that there is a need to \u2018think cautiously\u2019 about how that role can be played in a \u2018more organised\u2019 way. At the launch of the report Net Impact of E-Commerce on Employment and Consumer Welfare in India, he asked, \u201cAre predatory pricing policies good for the country?\u201d<\/p>\n<p>He said, \u201cWhen Amazon says they\u2019re going to invest a billion dollars in India, we all celebrate, but we forget the underlying story\u2014that billion dollars is not coming in for any great service or investment to support the Indian economy. They made a billion-dollar loss in their balance sheet that year. They have to cover that loss.\u201d<\/p>\n<p>He added, \u201cAnd how did that loss occur? They paid \u20b91,000 crore to professionals. Unless you\u2019re paying all the top lawyers to block them so that nobody can fight a case against them\u2026If you make a \u20b96,000 crore loss in one year, does that not smell of predatory pricing to any of you? What caused that loss? They are involved in all the e-commerce platforms. They are not allowed to do B2C.\u201d<\/p>\n<p>As per the report launched by Pahle India Foundation, e-commerce is a key driver of employment generation and online vendors are employing 54 per cent more people and nearly twice the number of female employees. Piyush Goyal said that there is a need for policies that protect local businesses and ensure fair competition in the e-commerce sector.<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] \u00a0 New Delhi: Commerce and industry minister Piyush Goyal raised concerns about predatory pricing by e-commerce platforms and the likely loss of employment in the traditional retail sector. Acknowledging the role of e-commerce, the minister said that there is a need to \u2018think cautiously\u2019 about how that role can be played in a \u2018more [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-41678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-nation"],"jetpack_featured_media_url":"https:\/\/thenftimes.com\/wp-content\/uploads\/2024\/08\/Piyush-Goyal-says-growth-of-e-commerce-in-India-\u2018matter-of-concern.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/41678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=41678"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/41678\/revisions"}],"predecessor-version":[{"id":41680,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/41678\/revisions\/41680"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media\/41679"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=41678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=41678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=41678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}