For now. What if the trade war between the US & China intensifies ? Trump wants to reduce the trade deficit presently to the tune of $350bn with China to a manageable level. At the same time China will resist it as otherwise people there will be out of work and this means social instability. Neither party will back down. If they come to a deal then China keeps those investors otherwise those investors will get spooked and look elsewhere and this is where India comes in. In any case as wages rise in China there will always be a price advantage with India. Same applies to Indian companies as well, why invest a fortune only to have govt wrk against it. No, if companies are investing then they have a good idea of risk. Why allow online commerce at all ? they relented and we know what the size of the ecommerce segment is like and it will continue to grow. This is a good source of tax revenue. If we have understood this move completely it means that ecomerce will be affected. I find it hard to believe we are going to turn the clock back to pre-amazon/flipkart days We have the potential for scale. WTO is a possibility. Though we are supposed to have rule of law here too. There could be other angles as well. I'm seeing this solely through a domestic lens. Just watch this topic and post if you see something relevant. We will have a better idea after some time. Whether initial assumptions were correct or not.