India is targeting Amazon and Walmart ostensibly to protect SMBs, but in reality it is creating a protectionist economy that benefits select local tycoons
Andy Mukherjee / Bloomberg : Tweets: @andymukherjee70 , @parryravi , @d_s_thakur , @arisroussinos , @samerkamal , and @unraveaero Tweets: Andy Mukherjee / @andymukherjee70 : New Delhi's tool for targeting Walmart and Amazon has changed from using FDI policy to twisting laws like the consumer protection act out of shape. It's a “Biden-proof” strategy, inspired by the “success” in going after Twitter and WhatsApp in much the same way. My take: https://twitter.com/... Parry Ravindranathan / @parryravi : Super piece @andymukherjee70. India's policies are increasingly about stopping rather than facilitating business. India is slowly creating a protectionist economy that will benefit a few firms. Amazon and Walmart are not on that list. https://www.bloombergquint.com/ ... via @BloombergQuint Dinesh S. Thakur / @d_s_thakur : “Safeguarding the interest of consumers or mom-and-pop stores is how the curbs are marketed to the public, though in reality they're about eventually putting India behind something resembling China's Great Firewall” writes @andymukherjee70 https://www.bloomberg.com/... Aris Roussinos / @arisroussinos : Crazy that Indian protectionism will enrich “a select group of tycoons” instead of, uh, Bezos https://twitter.com/... Samer Kamal / @samerkamal : While both are striving for more protectionism, the approach India and China are taking to protect their turf is distinctly different. India is empowering local tycoons for the fight, while China is taking a broad regulatory control over all large business. https://twitter.com/... Arun Vel / @unraveaero : “Local tycoons would dominate the market, and while foreign players won't be completely shunned, they may only be able to join the party as junior partners, supplying tech and capital” Horse shit from Andy Mukherjee. https://www.bloombergquint.com/ ...
While both are striving for more protectionism, the approach India and China are taking to protect their turf is distinctly different. India is empowering local tycoons for the fight, while China is taking a broad regulatory control over all large business. https://twitter.com/..…
New Delhi's tool for targeting Walmart and Amazon has changed from using FDI policy to twisting laws like the consumer protection act out of shape. It's a “Biden-proof” strategy, inspired by the “success” in going after Twitter and WhatsApp in much the same way. My take: https://…
Super piece @andymukherjee70. India's policies are increasingly about stopping rather than facilitating business. India is slowly creating a protectionist economy that will benefit a few firms. Amazon and Walmart are not on that list. https://www.bloombergquint.com/ ... via @Bloo…
“Local tycoons would dominate the market, and while foreign players won't be completely shunned, they may only be able to join the party as junior partners, supplying tech and capital” Horse shit from Andy Mukherjee. https://www.bloombergquint.com/ ...
“Safeguarding the interest of consumers or mom-and-pop stores is how the curbs are marketed to the public, though in reality they're about eventually putting India behind something resembling China's Great Firewall” writes @andymukherjee70 https://www.bloomberg.com/...