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India business most affected due to Covid-19 outbreak, says Amazon

"The current crisis is demonstrating the adaptability and durability of Amazon's business as never before, but it's also the hardest time we have ever faced," said Jeff Bezos, Amazon founder and CEO.

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According to industry insiders and analysts, the market opportunities for online commerce in the country are expected to touch $200 billion by 2028 from $30 billion in 2018.

Peerzada Abrar Bengaluru
Amazon on Friday said the biggest impact it faced due to the Covid-19 pandemic was in India.
 
During the company’s earnings call on Friday, Brian T Olsavsky, senior vice-president and chief financial officer of Amazon, said the e-commerce firm was only delivering essential goods, such as groceries, cutting back a lot of its offerings in the country. “We will expand when the Indian government announces that we are allowed to resume operations,” he said.
 
Like in its home market in the US, Amazon in India is pitted against Walmart, which acquired Flipkart in 2018 in a $16-billion deal. It is