India just made life tougher for Amazon and Walmart
New Delhi (CNN Business)Amazon and Walmart face new rules in India that could prevent them from using their industry expertise and massive size to drive down prices.
Restrictions unveiled by the Indian government on Wednesday ban foreign e-commerce companies from offering their customers exclusive products such as smartphones.
The new guidelines also appear to close a loophole that had allowed foreign online retailers to sell their own products through affiliated companies.
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