BANGALORE -- Amazon.com and Future Group are reportedly in advanced talks for the U.S. e-commerce pioneer to buy a 10% stake in India's third-largest merchandiser so the partners can tap the Asian giant's traditional walk-in consumer.
India has one of the world's fastest-growing retail markets, which is expected to be worth $1.2 trillion by 2021, a big jump from $795 billion in 2017, according to a report by Deloitte India and Retail Association of India. However, the country's brick-and-mortar retail mostly consists of mom-and-pop groceries and other small-scale merchants. As a result, the retail landscape is strewed with opportunities.
