The New Umbrella Entities (NUEs) for retail payments - the new Indian regulatory framework - bring together the titans of global social networks, e-commerce and Indian conglomerates - a billion dollar contest (many times over)
Far reaching and ambitious in the breadth of its digital sweep across India, the plan portends to be inclusive, leaving no Indian behind, fair in treating all businesses on an equal footing, competitive and compelling for domestic challengers
If demography is any guide, India will dominate the Asian theater within a few years, but to act responsibly in the geopolitical power play, its economic performance must be up to the challenge and digital revolutions heighten expectations
Seeking to expand on the strength of sales for its own account (and not only as platform for third parties), Amazon proves reluctant to adapt its global business model to the social and economic reality of developing countries such as India
