Amazon Wholesale India revenue declines 70% in FY20 Amazon Wholesale India attributed the drop to the change in the government regulation resulting in lower customer adoption. The government had introduced Press Note 2 with an aim to bring a level playing field between online and offline retailers in December 2018. It got implemented in February 2019. December 24, 2020 / 10:29 PM IST Amazon Wholesale buys products in bulk from manufacturers and sells to platform sellers who sell on its marketplace. Amazon Wholesale India, the B2B arm of the American e-commerce giant, reported a 70 percent decline in its revenue at Rs 3,388 crore for the financial year ending March 31.