Globalization paved its way in India in 1990. Soon after this, many countries including China invested in India. It proved to be a boon for the Indian economy. But in some way, it also made us depend upon foreign products. Read more to know why are these Chinese apps banned.
Business is an essential part of globalization. Particularly, the sole purpose of globalization is to expand and earn from each corner of the world, as profits limit no boundaries.
China has contributed a lot; not only in the Indian market but also in many other countries. From 2005 to 2017, Chinese firms invested $324 billion in Europe. However, over 43 percent of these investments were concentrated in the UK, Switzerland, Russia, Italy, France, and Germany.
China’s export to India was $68 Billion though, India’s export to China was $16.96 Billion in 2019. Hence, this left India with a deficit of $50 Billion!
If we count some of the popular Chinese apps like Tik-Tok, UC Browser, Likee, and CamScanner, they generated approximately $8.56 million in the financial year 2019 from India as per the Ministry of Corporate (MCA) filings. When a few Chinese apps alone can generate profit in millions, wonder about their other investment returns from India. And this is when we are excluding revenue from ads huge right!!?
How much is it? $8.56 million? Well, it’s around RS.63 Crores! Whereas, China drew $86.5 million from the USA which is RS.650 Crores!
Reason behind the ban
When you hear the word ‘China’, all your mind can think of is about the recent pandemic that shook the whole world. On one hand, a few nations coped up from COVID-19, whereas other countries like the USA, India, Brazil, Russia, UK, etc. are still in bewilderment and are looking for ways to survive.
But apart from the dispute on the origin of this pandemic, China also involved itself in a land dispute with India. The fight escalated in Galwan Valley, on June 15th consequently, we faced serious battle casualties at the border. This stressed Indian citizens as well as the government. Therefore, a downfall in the use of Chinese products and services was observed in India. Thus, people started to boycott ‘Made in China’. As a result, on June 29th, the Government of India banned 59 Chinese applications, that were running in India.
But the major reason behind putting a stop on Chinese applications was data security.
“The compilation of these data, it’s mining, and profiling by elements hostile to national security and defense of India, which ultimately impinges upon the sovereignty and integrity of India, is a matter of very deep and immediate concern which requires emergency measures,” the statement issued by the ministry read.
You might be thinking why a business blogger is writing in the context of politics. Well, the fact is, now, when those apps are not in use anymore, don’t you think this is the perfect opportunity to make our own inventions?
Developing our apps will not only benefit the nation but also the economy. And, the most important fact which should not be ignored is that data of millions of people will stay within the boundaries.
Let’s list out the benefits of Indian developed applications
- We will be independent
- It will encourage foreign investment
- It will promote the ‘Made in India’ campaign
- Employment opportunities will spawn
- Finance will be invested in India only
- It will uplift the Indian economy
- Data of millions of people will be safe within the boundaries of the nation
- It will become a passive source of income
There are already a few alternatives to many banned applications, however, some of the alternatives are not good enough. So to encourage the brilliant young minds of India, on July 4th Prime Minister, announced the “Digital India Aatmanirbhar Bharat Innovate Challenge” to identify Indian apps that are already being used by the Indian citizens. To discourage Chinese banned apps.
PM Modi tweeted “This challenge is for you if you have such a working product or if you feel you have the vision and expertise to create such products. I urge all my friends in the tech community to participate.” The reward of the declared competition is set for RS.20 lacs.
Business means profits. But what happens when it questions your own country’s pride and economy? Also, can this really be the end of the line for China’s relations with India?
Considering the current scenario, the Indian market might get affected, if we do not find the alternatives for the products and services, that we are using.
Therefore, BusinessWisdomToday writes on this matter of concern, that India is facing in today’s time, and promotes the “Digital India Aatmanirbhar Bharat Innovate Challenge” along with “Digital India.” This current scene must not be taken as bad times. Rather, it must be taken as an opportunity, wherein we handle our nation, invest in ourselves, and safeguard the data of 1.3 billion people.
How will India benefit from this?
We have been independent since 1947. It’s the 21st century, how can we depend on something that is merely a part of technology and entertainment?
The answer is, we cannot and we should not. But it is a part of life now so, why not invent our own?
Encouraging Foreign Investment
Foreign investments are very rare in India. Generally, foreign investors invest only in companies like Reliance, Tata, Infosys, and Paytm. So to change that, we have to up our game and get more investments. This will also increase the value of the Indian currency.
Promotion of “Make In India” campaign
India was falling to its lowest in a decade, as the promise of the BRICS nations (Brazil, Russia, India, China, and South Africa) had faded, and India was tagged as one of the so-called ‘Fragile Five’. But after the launch of ‘Make In India’, we ranked as the 9th largest in Foreign Direct Investment in 2019, according to the World Investment Report 2020 by the US.
‘Make In India’ was launched by our PM Narendra Modi in September 2014. Since then, it has made a huge influence in Indian markets and bagged a lot from Foreign Direct Investments.
Generation of employment opportunities
New alternative apps and investment in our own nation means investing in our own human resources and developing them. This will indirectly enhance skill and as a result, the capacity of people will ascend. Startups and other enterprises will be able to hire people easily and then we won’t be needing human power from other nations.
Indian Economy will be uplifted
Backing our own nation will boost the economy directly, as a result, the GDP and per capita income of people will improve and so will the standard of living.
Data of millions of people will be safe within the boundaries of the nation
In the recent news, it has appeared that China might take advantage of the data of millions of people through its product in India, however, being “Aatmanirbhar” can erase this risk from our front.
On July 5th, Honorable Vice President of India Venkaiah Naidu, also took an Initiative. As Respected President Launched India’s First super social media app “Elyments.” To discourage Chinese banned apps.
Alternatives present for Banned Applications
TikTok, Big Libe, Helo, Kwai, U Video, Vigo Video, and Vmate-
- Bolo Indya.
We Meet, We Chat, and Weibo-
ShareIt and Xender-
- Smart share.
- Google Drive.
- Share All.
- Jio Switch.
- Send Anywhere.
ES File Explorer-
- File Manager.
- Free Cloud.
- Files Go.
UC Browser, DC Browser, CM Browser, and APUS Browser-
- Google Chrome.
- Mozilla Firefox.
- Microsoft Edge.
Mobile Legends and Clash of Kings-
- Player Unknown’s Battleground (PUBG).
- Call of duty.
Wonder Camera, Photo Wonder, Sweet Selfie, SelfieCity, Beauty Plus, YouCam MakeUp, and eitu-
Shein, RomWe, and ClubFactory-
- Google Maps.
- Microsoft Maps.
- Apple Maps.
NewsDog, UC News, and QQ Newsfeed-
- BBC News.
- The Hindu.
- Apple Music.
To sum up, there are some useless apps. That just junk your phones and slows it down. All the above-listed apps are the very best alternative for Chinese banned apps.
These apps earn in billions and as a result, contribute a handsome amount to the economy. For example, recently JioSaavn got $10 million (April-06-2020). And $20 million (Sept-11-2019) from its parent company, Reliance respectively.
Creating an alternative is not the only option. Re-discover things. Re-invent Twist them. Make them unique. It just has to be different and best from what others offer.
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