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What’s Amazon Saying about Its India Push?

Naomi Gray
Updated
What’s Amazon Saying about Its India Push?

India is one of Amazon.com’s (AMZN) closest-watched overseas markets, and for good reason. The company plans to invest $5.0 billion to grow its business in India, and it could end up investing more in the country to stay ahead of rival Alibaba (BABA), which is investing in everything from mobile payments, to e-commerce, to cloud computing in India. India is believed to have contributed to the 29% YoY (year-over-year) growth in Amazon’s International segment revenues, which reached $18 billion in 4Q17.

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