Amazon India losing $1 billion a year: Report
Online retailer Amazon's India unit is currently losing $1 billion a year, according to a new report by Bank of America Merrill Lynch (BofA-ML). "By 2025 estimate, Amazon India could generate $81 billion in gross merchandise value and $2.2 billion in operating profit," the report added. It further said that Flipkart will continue to lead the e-commerce market in India.