India is poised to become one of the world’s largest connected economies as internet penetration approaches one billion. It is a major market for smartphones. There is a huge strategic economy developing around the ecosystem of digital consumers, the internet and smartphones.
As start-ups and innovation flourished under Prime Minister Narendra Modi’s vision of Digital India, Chinese investors quickly cornered a major stake in 18 out of India’s top 30 Unicorns.
The ban on 59 Chinese apps needs to be seen in this context. As you see consumers dumping Chinese brands, Indian corporates are diversifying their supply chains away from China. This reset of the India-China relationship will undoubtedly create short-term disruptions. But the move will also launch the mobile app sector in a new direction.
Short term pain for long term pleasure or in the words of Sarkar,
“Mani, Nazdiki Fayda Dekhne Se Pehle, Door Ka Nuksan Sochna Chahiye”