Amazon Faces Legal Uncertainty After India's Announcement Of New Foreign E-Commerce Rules

Amazon and other e-commerce companies operating in India are facing the possibility of running afoul with the country's economic laws following the government's issuance of additional rules regarding foreign ownership of online retail companies. Although faced with uncertainty, which is part of doing business in the country, Amazon and its competitors are attracted to the country's online market. From $12.1 billion in 2015, the market is forecast to explode to almost $75 billion by 2020, according to Forrester. Such growth forecasts have prompted Amazon executives to predict that within a decade, the country could be the company's second-largest market following the United States.