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New norms may freeze Flipkart, Amazon models
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<blockquote data-quote="blr_p" data-source="post: 2169217" data-attributes="member: 10952"><p>The small seller. This move will impact the bigger sellers as i suspected. This move was brought in to appease the small seller vote bank. The small seller is India Inc. Euphmestically referred to as the "unorganised" sector but in reality this sector is far more organised and faster moving than the "organised" sector aka govt.</p><p></p><p><a href="https://www.zdnet.com/article/india-issues-new-e-commerce-rules-to-check-amazon-and-flipkart/" target="_blank">https://www.zdnet.com/article/india-issues-new-e-commerce-rules-to-check-amazon-and-flipkart/</a></p><p></p><p></p><p>If its an imported item check the wholeslae price on zauba or similar shipping site</p><p></p><p>For flagship phones its typically 100% from import by the thousand to retail selling price. That is the flagship you buy costs double what it cost to import in bulk. This is the point before the distributor gets it.</p><p></p><p>Whether there is under invoicing i don't know. With make in India the difference will be less.[DOUBLEPOST=1546080068][/DOUBLEPOST]</p><p>See, this was the comment that tripped me up. Completely wrong. Why would the govt go against the small seller !!</p><p></p><p>It is designed to do exactly the opposite. Go after the big seller particularly those that have more than 25% of the total inventory sold. It is to prevent the big retailers that can borrow at half the rate compared to the small seller.</p><p></p><p>This borrowing rate is precisely why the govt perpetually fights with the RBI. Bring down the cost of borrowing is business friendly but it risks overheating the economy and causing inflation to rise or what UPA2 did.</p><p></p><p>Was listening to this talk by a prof. His economic indicator for well being is to watch his flower seller. If she has gold bangles then the economy is doing well. Less bangles not so good and no finally no bangles means bad. Economic theories that hold in the west frequently do not work in India. Gold may be sunken wealth in the west but in India it serves as collateral. Not sunken wealth. Operating wealth.[DOUBLEPOST=1546083497][/DOUBLEPOST]<a href="https://www.zdnet.com/article/will-flipkart-and-amazon-kill-indias-retail-industry/" target="_blank">https://www.zdnet.com/article/will-flipkart-and-amazon-kill-indias-retail-industry/</a></p></blockquote><p></p>
[QUOTE="blr_p, post: 2169217, member: 10952"] The small seller. This move will impact the bigger sellers as i suspected. This move was brought in to appease the small seller vote bank. The small seller is India Inc. Euphmestically referred to as the "unorganised" sector but in reality this sector is far more organised and faster moving than the "organised" sector aka govt. [URL]https://www.zdnet.com/article/india-issues-new-e-commerce-rules-to-check-amazon-and-flipkart/[/URL] If its an imported item check the wholeslae price on zauba or similar shipping site For flagship phones its typically 100% from import by the thousand to retail selling price. That is the flagship you buy costs double what it cost to import in bulk. This is the point before the distributor gets it. Whether there is under invoicing i don't know. With make in India the difference will be less.[DOUBLEPOST=1546080068][/DOUBLEPOST] See, this was the comment that tripped me up. Completely wrong. Why would the govt go against the small seller !! It is designed to do exactly the opposite. Go after the big seller particularly those that have more than 25% of the total inventory sold. It is to prevent the big retailers that can borrow at half the rate compared to the small seller. This borrowing rate is precisely why the govt perpetually fights with the RBI. Bring down the cost of borrowing is business friendly but it risks overheating the economy and causing inflation to rise or what UPA2 did. Was listening to this talk by a prof. His economic indicator for well being is to watch his flower seller. If she has gold bangles then the economy is doing well. Less bangles not so good and no finally no bangles means bad. Economic theories that hold in the west frequently do not work in India. Gold may be sunken wealth in the west but in India it serves as collateral. Not sunken wealth. Operating wealth.[DOUBLEPOST=1546083497][/DOUBLEPOST][URL]https://www.zdnet.com/article/will-flipkart-and-amazon-kill-indias-retail-industry/[/URL] [/QUOTE]
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