Chinese app ban is an opportunity for Indian startups.
The government banned 59 Chinese mobile applications, including top social media platforms such as TikTok, WeChat, and Helo, to counter the threat posed by these applications to the country's sovereignty and security. Now with the ban of Chinese apps, Indian people are looking for its substitutes, made in India, which can replace these apps. The movement have been started in this direction with the introduction of Indian apps like roposo, chingari, which are perfect substitutes for the Chinese app named TikTok.
Mobile applications generate a large amount of revenue for their app publishers weather it is Paytm, Whatsapp, Instagram, etc, and these are the ones that make a phone smart and hence called the smartphone. Most of the apps are made by foreign countries especially China.
India accounts for about 30% of total downloads of the Chinese app, TikTok. We, people, are helping China to generate a huge amount of revenue from TikTok. Indian companies have so far failed to generate that much level of revenue which the Chinese companies are generating from India. Also, Indian companies have so far not shown any competence with foreign companies.
The situation was somewhat similar in China, 10 years back, where the apps made in the United States and Europe caught the imagination of the world. At some time, the Chinese government banned the usage of the apps of foreign countries which included Whatsapp, Instagram, etc. Today Whatsapp is banned in China and this resulted in the growth of China's self-made substitutes for Whatsapp. Because of this ban on foreign applications in China, today china is self-dependent and has made other countries like India, paralyzed. Several Chinese apps like WeChat, Camscanner, TikTok have helped China to generate huge revenue. All google apps, including google maps, have been banned and after this ban, China came up with another alternate, self-made app named Baidu.
So, now the question is can this ban on Chinese apps be an opportunity for Indian startups to provide India with quality indigenous apps? Yes, obviously it's an opportunity of Indian startups but not an easy task.
Indian youth certainly have technology capabilities and they are capable of making substitutes of Chinese apps but it's not only the technology, which is responsible for the success of a startup. Hard work, continuous learning from one's failures, ability to stand against all odds, a potential team with effective teamwork, and most important, proper allocation of funds blended with technology will result in the success of Indian startups. There is no doubt that our youth have lot of capabilities and their efforts will someday bear fruits.
Today the startup industry in India has enough energy and maturity to take up the task head-on. Now further strengthened with this ban, surely India will do wonders in successful startups.
Really it's a grt opportunity for India.
ReplyDeleteYes, absolutely.
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