Amazon Investing $3 Billion in India
As Indians increasingly move to e-commerce to do their shopping, Amazon.com is giving domestic companies a big reason to worry. Company CEO Jeff Bezos on Tuesday announced that his company will be investing an additional $3 billion in India. This takes Amazon's total investment in the country to $5 billion. India's e-commerce space continues to grow, and is estimated by Morgan Stanley Research to be worth $119 billion by 2020.