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Significance
India’s government has intensified its crackdown on monopolistic practices in the tech sector, targeting industry giants such as Apple, Google and Amazon, while also proposing a Digital Competition Bill aimed at curbing foreign dominance and strengthening the domestic market.
Impacts
A harmonised digital competition policy could strengthen collaboration between the EU and India in the tech sector.
Some foreign firms may delay their investments in India’s tech sector until the competition legislation is finalised.
Increased pressure on Big Tech may strain ties between India and US President-elect Donald Trump, who has pledged to protect US tech firms.
Keywords:
AP,
INT,
EU,
United States,
International,
India,
industry,
politics,
social,
antitrust,
artificial intelligence,
social media,
technology
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
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