eMarketer. The absence of such competitors will help Facebook and Jio carry out an unprecedented land grab within the Indian digital services market.
The ban on apps from Chinese developers represents one of India's biggest retaliation against Chinese tech companies, and it could precede bans across other tech sectors. The rising tensions between India and China could result in further economic disengagement. In particular, India represents one of the largest markets for China-based smartphone vendors, and the Indian government undoubtedly understands that this creates a powerful bargaining chip in negotiations with China.
China-based smartphone vendors Xiaomi, Vivo, Realme, and Oppo together accounted for 73% of smartphone shipments in India in Q1 2020, Counterpoint research. Retaliatory measures such as higher import tariffs on these players would be a major boon to South Korea-based Samsung, which accounted for 16% of India's Q1 2020 smartphone shipments.
amount of money in India's tech economy, and further provoking Beijing could slow India's overall economic development.Join other Insider Intelligence clients who receive this Briefing, along with other Connectivity & Tech forecasts, briefings, charts, and research reports to their inboxes each day. >>
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