India is the world’s biggest emerging digital economy, and Silicon Valley’s top companies have invested huge sums to cash in on it. Now new regulations are threatening their business.
E-commerce restrictions due to go into effect Friday will prevent global retailers such as Amazon and Walmart from using their deep pockets and massive scale to drive down prices in India.
And proposed legal changes would require social media companies like Facebook and Twitter to monitor and take down content at the request of Indian authorities, which critics say could be misused for censorship.
The new rules highlight the risk global tech giants are running in a country they see as their next growth frontier.