Exclusive: India likely to ease restrictions for foreign online retailers next month


  • TECH
  • Wednesday, 04 Jun 2014

MUMBAI/NEW DELHI: India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets. 

The decision, which is likely to be announced in the budget, is one of the first tangible signs of economic reform by the business-friendly government of Prime Minister Narendra Modi, who was sworn in 10 days ago. 

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