Amazon is betting big on the Indian market as the Covid-19 pandemic has accelerated the shift to e-commerce, and more consumers are shopping online at a higher frequency on the online retailer’s platform. The company said if one combines the downloads of its platforms such as 'Amazon.in' shopping app and Prime Video app, there are close to 500 million downloads, which is almost 75 per cent of the registered internet users in the country today.
Amazon counts Walmart-owned Flipkart, Reliance’s JioMart and Tata among its rivals to tap the booming e-commerce market, which is expected to reach $350 billion by 2030