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Union Minister Piyush Goyal criticized e-commerce companies for offering products at nominal rates, affecting small retailers’ profits.
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Industry insiders emphasize the need for a level playing field and fair market practices to prevent predatory pricing.
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E-commerce growth has created jobs and convenience for consumers, but concerns remain about long-term employment and monopolistic behavior.
Union Minister Piyush Goyal’s recent comments on e-commerce growth have sparked a debate. He argued that e-commerce companies are hurting small retailers by offering products at low prices, which can lead to predatory pricing. Industry insiders agree that fair market practices are essential to prevent monopolistic behavior.
Entrepreneur K. Ganesh emphasized the need for a regulatory role to ensure a level playing field. He acknowledged the benefits of e-commerce, including job creation and convenience for consumers. However, Emmanuel David, a former HR leader, questioned the significance of e-commerce in India, given the country’s population density and unemployment rate.
