In­dia’s Sig­nif­i­cance in the Growth of Ama­zon

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Ama­zon, the e-com­merce be­he­moth saw a jump of 23 per­cent in its first quar­ter (Q1) earn­ings for 2017 at $35.7 bil­lion, while wall street an­a­lysts were es­ti­mat­ing its sales of $35.3 bil­lion. Ama­zon’s CEO, Jeff Be­zos be­lieves that the mas­sive growth in the In­dian mar­ket has helped achieve these sales for his e-com­merce plat­form. Also, the trad­ing that day closed at a record break­ing num­ber of $918.76.

In In­dia, Ama­zon is the most vis­ited site, as per the data from com­score and Sim­i­lar­web. Not only this, Ama­zon is also the high­est down­loaded on­line shop­ping app in the coun­try, ac­cord­ing to App An­nie, an app an­a­lyt­ics firm. But the CEO, Be­zos says that it is still Day 1 for e-com­merce in In­dia, as he aims to gain the nu­mero uno po­si­tion in the In­dian e-com­merce seg­ment.

Ama­zon has also an­nounced 18 new se­ries, es­pe­cially for the In­dian mar­ket, along with in­tro­duc­ing a Fire TV stick that un­der­stands both English and Hindi com­mands. Along with this, sig­nif­i­cant growth can be seen in the Ama­zon Prime se­lec­tion that is since Prime’s launch be­fore 9 months, the Ama­zon team in In­dia has led to an in­crease in its se­lec­tion by a whop­ping 75 per­cent.

Be­zos said that his com­pany will con­tinue to in­vest in tech­nol­ogy and in­fra­struc­ture in In­dia. No­tably, this is the 8th con­sec­u­tive prof­itable quar­ter for the e-com­merce gi­ant.

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