Where is India’s Amazon?

This article was first published on capitalmind.in In 2019, Amazon made $281 Bn in revenue. Up 20% from 2018. That is the combined revenue of the top-5 revenue-earning Indian companies: Reliance, IOCL, ONGC, BPCL and SBI. A year later, in 2020, Amazon clocked $386 Bn, growing 37%. Put another way, Amazon added 1.4 times the total annual revenue of Reliance Industries as incremental revenue in 2020. Chart shows Amazon’s meteoric revenue growth since 1997: Yes, some of that growth in 2020 was aided by the pandemic but is not an aberration. Since going public 24 years ago, its annualized revenue growth rate is 41%.

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