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3 charts on why Amazon is pouring money into India

Added over 2 years ago | As appeared first on recode.net | Author: Michael Gold Reuters
What's cooler than a billion dollars? On the heels of a rival's billion dollar investment, Amazon said it would pump another $2 billion into its own burgeoning Indian online storefront, the company announced today. "At current scale and growth rates, India is on track to be our fastest country ever to a billion dollars in gross sales," CEO Jeff Bezos said in the statement. The timing of the announcement comes a day after the most popular Indian e-commerce site, Flipkart, confirmed a $1 billio...
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