E-commerce must not use muscle power of large capital: Piyush Goyal

This was in response to Ross blaming policy for Amazon's India investment cut

While US Commerce Secretary Wilbur Ross blamed India’s e-commerce policy for US online retail giant Amazon’s cut in investment, his Indian counterpart Piyush Goyal attributed it to the company’s inability to engage in “predatory pricing’’ any longer. 

In a war of words at the India Economic Summit, Goyal said the spirit of Indian law was to protect small trade which employed over 120 million and that multinational e-commerce should not use muscle power of large capital at low value to drive small retailers out of business. 

“According to news reports, Amazon is spending one-third of what it spent the year before in