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Business trends

Amazon and Flipkart thrive as India festive sale kicks off

Surging demand belies worries of slowing consumption in Asia's third-largest economy

The logo of Flipkart: The e-commerce company said the first day of its Big Billion Day saw sales doubling on the back of strong demand from smaller towns and cities.   © Reuters

MUMBAI (NewsRise) -- India's top two e-commerce companies, Amazon and Flipkart Internet, saw blockbuster shopping on the opening day of their much-awaited annual sale, defying concerns about slowing consumption in Asia's third-largest economy.

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