The good thing for us is that now there will be a tough competition between already existing Indian stores like Flipkart,HomeShop18,Snapdeal,Ebay.in and Amazon.This will result in low prices for customers.The bad thing for us is that Amazon will not sell its own products like Kindle because of India's FDI regulations do not allow multi-brand retailers to sell their own products. Amazon has signed up 100 vendors across the country so far and has set up a 1.5 lakh sq.ft. fulfillment centre in Mumbai to service online orders. Any of the lakhs of retailers in India can hope to sign up with Amazon and sell their products online. Amazon will give free delivery on orders above Rs 499 but for a limited time,there is no minimum.So you can just grab your favourite book.Payment options are credit card,debit card and cash on delivery(COD).I hope they launch gift cards in India too.