Thursday’s earnings call by Amazon omitted any mention or update on growth in India, a notable change for the e-commerce giant that has consistently highlighted rapid growth in the South Asian market. Reports have speculated that recent regulatory changes in India may be causing some problems for Amazon there, but company officials did not expound on the topic during their call.
In the second quarter of 2018, Amazon faced a difficult situation in India as it shutdown multiple services within the country. The American tech giant has been struggling with global restructuring and its absence from quarterly earnings published on Thursday is indicative of this.
The Bernstein report also says that Amazon is also facing stiff competition from Google and Facebook, which both have a large Indian presence. These larger companies are able to leverage the greater work force experience and capital investments they have made in India thus far.
Walmart’s focus on India is likely a strategic decision, as the country is one of the world’s fastest-growing economies. In addition to its $2.5 billion investment in India this year, Walmart has also opened hundreds of stores there since 2010 and employs over 500,000 people in the country. However, Amazon’s recent entry into the Indian retail market may force Walmart to rethink its strategies there. Amazon announced plans earlier this year to open up 100 cash-and-
