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The vote, to be held by May, has increased the influence of local retailers who have lobbied for growth brakes to hinder the growth of US giants. As expected, India has put in place this month some constraints for foreign e-commerce players, including Amazon and Flipkart, a company owned by Walmart, which together control 70% of its online purchases. The stricter rules, aimed at protecting small traders, could eventually benefit the richest man in the country, Mukesh Ambani, who is building a local competitor.
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