Reliance accuses Amazon, Flipkart of capital dumping & predatory pricing
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Upping the ante against foreign ecommerce players, Reliance Industries has alleged that firms such as Amazon and Flipkart are using capital dumping to subsidise and engage in predatory pricing, leading to massive unemployment and financial distress among the country’s small merchants and kirana stores. Dumping refers to a practice wherein a country exports a product at a price lower than the price in the exporter’s domestic market.