E-tail to take $1 billion hit in lockdown

The 21-day lockdown will lead to a loss of at least $1 billion in gross sales as India’s largest online retail platforms like Amazon and Flipkart stop selling non-essentials till at least the middle of next month, based on current government directives. While online grocery is seeing a spike in orders, it constitutes only about 10% of overall sales for e-tailers.

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