Recently, the India government has put increasing pressure on Chinese-funded mobile phone companies, and familiar brands such as Xiaomi, vivo and OPPO are all being suppressed.
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To add insult to injury, there are also rumors that Tata Group intends to acquire a 51% stake in vivo. This is not a small matter, if this wave of operations comes true, Chinese-funded enterprises may have to fully withdraw from India. As soon as this happened, netizens were frying:
"That's just too much! Chinese companies have been driven out, won't India's mobile phone manufacturing industry be finished? ”
"Oops, isn't this self-digging grave? Who would dare to invest in India! ”
The withdrawal of Chinese-funded enterprises is undoubtedly a major blow to India's mobile phone manufacturing industry. We all know that Xiaomi, vivo, OPPO these brands have a large market in India, they not only bring advanced technology, but also provide a large number of employment opportunities. If these companies are withdrawn, India's mobile phone manufacturing industry will face a huge technology gap, and many workers may lose their jobs, which is not a joke.
Some netizens ridiculed: "India is slapping itself in the face, originally a good mobile phone manufacturing industry, now it's good, it's all smashed." ”
Not only that, the cancellation rate of foreign-funded enterprises in India has remained high, and the amount of foreign direct investment has also dropped significantly. Once the tide of withdrawal of foreign-funded enterprises begins, the consequences can be unimaginable. Without the support of foreign investment, India's economic development will be limited, and the investment environment will become worse and worse.
"Oh my God, even foreign capital has begun to withdraw, where is India going?" Some netizens commented worriedly.
To make matters worse, without the backing of foreign capital, the rupee could depreciate sharply. The impact of currency depreciation is multifaceted, with prices rising for imported goods, rising inflation, and an increase in the cost of living for ordinary people, and life will only become more and more difficult.
"If the rupee depreciates, then our money will not be worth much, and we will have to spend more money to buy things." A netizen said helplessly.
At the same time, the India government's anti-rule of law measures are undermining international capital's confidence in its democratic system. Seeing this situation in India, who would dare to invest? Once completely isolated, India's economy is likely to fall into even greater difficulties.
"What is India trying to do? Do you really want to turn yourself into an island? Netizens expressed their incomprehension.
Overall, the Modi government's repressive policies, which appear to protect domestic companies, are in fact self-destructing the Great Wall. The withdrawal of Chinese enterprises, the flight of foreign capital, currency depreciation, and economic isolation will all pose huge challenges to India's economy.
Some netizens suggested: "The India government should really reflect on these policies, and if it continues like this, it is really self-digging!" ”
The presence of Chinese enterprises in India has not only brought technology and employment, but also promoted the development of India's economy. Instead of suppression, it is better to cooperate and win-win, so as to achieve long-term development.
"I hope the India government can wake up, stop these repressive policies, and restore the trust of foreign investment, which is the right way!" A netizen said with anticipation.
In short, the Modi government needs to recalibrate its policies to revitalize India's economy, attract more foreign investment, and promote the country's long-term development. It is hoped that India will understand this truth as soon as possible, get out of the current predicament and usher in a better future.