Amazon and Walmart Are All Set to Bounce Back in India
The COVID-19 outbreak in India has kept people indoors for more than two months now as the central government has extended the lockdown -- which originally began toward the end of March -- multiple times. This should have been an ideal situation for both Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) to step up their game in the Indian market as consumers were looking to shift their purchases online to comply with the government's stay-at-home orders.
Reports suggest that e-commerce players were witnessing a 20% to 30% jump in orders just before the lockdown went into effect. Sadly, Amazon and Walmart haven't been able to take advantage of growing e-commerce demand in India because of the government's restrictions.
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Source Fool.com
