In a big move, the Indian government on Monday (June 29) banned as many as 59 mobile applications, many of them owned and controlled by Chinese players in the markets spread across e-commerce, social media, gaming and entertainment sectors. This includes some of the popular apps like TikTok, Shareit, Helo, UC Browser, Xiaomi (Mi) Video Call, Club Factory, among others.
“Except for TikTok, Xioami (Mi) Video calls and CamScanner, I don’t think it will have a big impact, considering the user base. Other banned apps are not detrimental to the people’s lives,” Sanchit Vir Gogia, founder-CEO of Greyhound Research told The Federal.
“Considering that China did the same (and continues to do the same) to some of the global companies, this move by India is not new to them,” he added.
Gogia further said that while the ban may affect certain people, including users, influencers and vloggers of such apps, alternative platforms may soon emerge in India and it’s just a matter of time for them to tap into the tier-2 market and beyond.
P.S.: For more information on this topic, read the research report by Greyhound Research (shared below).
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