Big Tech Is Bending to the Indian Government’s Will – By Akanksha Singh
….If the platform giants don’t follow the Indian government’s new regulations, they may lose a market of 1.3 billion people. And that’s something they’re clearly not willing to risk, regardless of the price Indian citizens themselves pay.
At the beginning of the pandemic, Big Tech started making a power grab in the global south that wasn’t just about deepening an already existent reliance on technology. It was about expanding territories by seizing opportunities with local partners.
In April 2020, Facebook picked up a 9.99 percent stake ($5.7 billion) in Reliance Industries’ Jio Platforms, India’s largest mobile network provider. In November, WhatsApp finally launched payments in India. And in June of this year, Google announced an Android smartphone in collaboration with Jio. In just the first eight months of the pandemic, Reliance owner Mukhesh Ambani’s wealth ballooned by $22 billion. More than the money, however, as these new IT regulations are enforced, gaps between how Big Tech presents itself in the West versus how it presents itself in India have widened….