Narendra Modi government to ban Chinese Phones under ₹12,000 with view to promote Indian brands of the same range like Lava, Micromax and several other local brands.
This move will strengthen Indian market and will weaken Chinese notion expansionism. Banning or restricting foreign goods and increasing dependency on local goods will further strengthen Indian campaign of Made In India, Atma Nirbhar Bharat and Vocal For Local.
In another blow to Chinese companies, the Indian government is reportedly considering restricting Chinese smartphone makers from selling phones below Rs 12,000 or $150. The aim is perhaps to push domestic companies like Lava, Micromax and others. Chinese smartphone makers currently dominate the budget smartphone or sub-Rs 15,000 segment, with Samsung and a few other non-Chinese companies gaining some share.
According to a Counterpoint report, smartphones under Rs 12,000 accounted for a third of India’s sales volume in the quarter to June 2022, with Chinese companies accounting for up to 80 percent of these shipments.