Indian tech companies see a considerable market scope post-Chinese apps ban. A vocal for local notion has led the citizens of India to support Indian startups. It’s a venture worth noting, where every Indian tech company aims to be the next unicorn. But what advantage do they have in the market against others right now? What are the existing tech companies doing about it from being overthrown?
In case you didn’t already know, the Chinese government banned Facebook in 2009. What do the Chinese think about this ban is a debatable topic to date. However, despite the ban on Facebook in China, Facebook’s revenue is on the rise. Notably, China has the most significant population in the world. Hence, more people could use the social media platform and make millions and billions of dollars to Facebook as revenue. Still, as we mentioned, the debate is on. The debate is rather heated after the Indian government bans Chinese apps. Experts and citizens are quick to draw similarities with the scenario when China banned Facebook.
The Facebook director/CEO, Mark Zuckerberg, has a wife of Chinese origin. However, that didn’t do anything in context to revoking bans, especially on the social media app for the people of China.
CAN CHINESE BANS BE LIFTED IN INDIA, IF A SOCIAL STIR IS COMING IN THE BREWING POT OF POLITICAL DRAMA?
All of this goes to waste for nothing. China got other apps, and these apps made their fair share of the revenue. So does a ban on multiple Chinese apps mean a good fortune in the long run for other tech companies, specifically for Indian tech companies?
Just like the Chinese, Indian authorities want to retain Indian money circulating inside India online. Foreign investors and foreign angel investors on Indian startups mean only one thing for the common man- revenue gone to the western world. It is against the core campaigns of bringing Indian companies and entrepreneurs ahead in the game.
Let’s come back to China’s ban on Facebook for a minute again. What happened after the ban? The world saw another company, which goes by the name of Tencent, to rise to fame. This fame grew so much that it is now a competitor to Facebook in China. Also, in 2017 Tencent passed the $500-billion mark. Its social media platform garnered followers in huge numbers. It’s notable, and critique rings in for a conspiracy. The truth, however, remains unknown.
So there is a possibility that maybe there is a WeChat competitor in the making that will dominate the Indian tech consumers. Perhaps there is a new bill payment competitor to PayTm in the making?
“Huawei has become a global threat with its 5G technologies and deep government links”.
You know the picture we are painting. There’s uncertainty.
BUT WHY SHOULD YOU CARE ABOUT THE POLITICAL SITUATIONS DOMINATING SUCH A SMALL YET SIGNIFICANT TECH SECTOR IN INDIA?
After all, India’s tech talent is still booming and a work in progress. Years ahead, it may overtake the silicon valley and establish itself as a global dominator. But what about right now?
Right now, there’s so less and yet so much to do for solving the woes of Indians. Undoubtedly, many new ventures are setting foot trembling in the already dominated tech industry’s shark-infested waters. How strong they set their foot in without sinking is what we need to wait and observe.
FOR AN INDIAN TECH COMPANY TO RISE FROM THE ASHES LIKE A PHOENIX, MORE THAN THE HUMAN BRAIN IS NEEDED
There are labour and operational costs, along with taxation, and supposedly limited competition. Eliminating the monopolies is hence a challenge faced by many tech innovators. The Indian tech economy struggling from the competitiveness and productivity gains is, rising. As bad as anyone may call it, struggles are lesser, but they are there. The tech world, however, won’t call it a challenge in itself.
Over the Internet, everything is remote now. The world changed a little from remote hiring to remote work and distant dating, remote parties. It is just this slim margin of opportunity that the Indian tech innovators must leverage on right away.
Knowledge and ideas spread instantaneously and pay off, too, unless the bigger shark legally owns your business model. Entrepreneurs in this country can easily lead innovations and business models and reproduce them as their “brainchild.” It is a big problem with the average Joe of a tech startup.
Like China’s ban on Facebook, led to Tencent’s rise in fame. We might want to wait another ten years to see how far Indian competition swells.
Data is a golden technical resource. Data analysis is a tool for extracting information like never before. Imagine the tools going in the wrong hands if Indian tech companies don’t act fast and efficiently.
But of course, we can’t compare superpowers and political favors with just tech. But tech leads the way and makes a smart bracket for other industries to rise. These industries are diverse but not limited to only healthcare and logistics.
“That is why the top technology companies from both East and West, the monopolists and predators, see India as the juiciest of all spoils. It has a massive market ripe for the picking and data gold mines”.
The lowest hanging fruit is that easiest to catch. It is the time when the fruit is hanging low. Indian tech companies are targeting ripe mango this summer. And only in the future, we will know, if it gets a taste of the sweet nectar anytime soon.