This year, the combined capital expenditures of the big four—Amazon, Microsoft, Meta, and Alphabet—are set to skyrocket beyond a staggering $200 billion

Samir Kumar has been with Amazon since 1999 and was instrumental in the 2013 launch of Amazon India.

The sellers on the Amazon India platform will benefit from a drop in selling fees, ranging from 3-12 percent across various product categories.

"I am not against e-commerce, but I am for fair trade and ensuring that e-commerce platforms are not used to harm small retailers and domestic industries."

Piyush Goyal said e-commerce platforms should not be allowed to disrupt India's 10 crore brick-and-mortar stores and small retailers.

The dot-com bubble of the late 1990s followed initial excitement about the Internet that led to excessive valuations in the tech sector.