India's commerce minister accused Amazon and other e-commerce companies of predatory pricing practices and said the sector's rapid rise should not disrupt millions of brick-and-mortar stores operating in the country.

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Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of USD 1 billion investment in India, saying the US retailer was not doing any great service to the Indian eco

Piyush Goyal alleged that these companies only re-route all the businesses through an entity to show that it is B2B.

Commerce Minister Piyush Goyal warns against predatory pricing by large online retailers, emphasizing the need to protect small retailers in India.

Goyal questioned the overall impact of e-commerce on India's retail landscape. He pointed out that while e-commerce is growing at a rapid pace, with a 27% annual growth rate, this expansion could lead to significant social disruption.

Even as Amazon Chief Executive Andy Jassy has expressed plans to invest an additional $15 billion in India by 2030, increasing the tech giant’s total investment in the country to $26 billion, India's trade minister says the money only comes to fill the company’s losses and is not a reason to celebrate.