Why have major E-commerce websites in India been running in deficits ? The Indian E-commerce market is primarily dominated by Amazon.in and flipkart who constitute nearly 90% of the market share, these firms entered the Indian e-commerce space back in 2012 and 2007 respectively and since then they have done business amounting to billions but they are still in deficit i.e they are still in loss in-spite of the hike in there revenues ,this is primarily because of the strategies adopted by these firms , for flipkart and amazon making continuous losses is a conscious decision. In an interview one of the flipkart’s promoter said that “Profitability is not a focus area .It’s a strategic decision. We can be profitable from today if we want . we can stop investing in one area and start making profits; it’s definitely possible, but we don’t want to remain as a small profitable company.” This statement clearly shows the money guzzler strategy adopted by these firms where they burn the inve...
The Auto Industry slow down The performance of auto industry is very vital as it contributes 7.1% to the GDP and a whooping 49% of manufacturing GDP so if there is any change i.e expansion or contraction it will directly influence the GDP,the auto sector provides jobs to millions in India.The auto sector was growing consistently so much so that new automotive company were vying to enter the auto industry such as KIA motors,Morris Garages and the mighty Peugot group but it was the year 2019 when things fell apart and the auto industry started slowing and it was going negative miserably and had a touched a 18 years low of sales this directly impacted the economy as the auto makers had to fire nearly million people out of there jobs, hault there production for several days which eventually led to another record where it specified that India's Unemployment had reached a 45 year low and the auto anxillary too started facing problems and stock market which is the most important econ...