Chinese smartphone manufacturers currently supply the overwhelming bulk of smartphones in India. Now, India is seeking to ban Chinese phones that are cheaper than ₹12,000.
To help revive its struggling domestic sector, India wants to prohibit Chinese smartphone manufacturers from selling phones for less than 12,000 rupees ($150). This will hurt companies like Xiaomi Corp, reports NDTV.
According to those with knowledge of the situation, the effort is intended to drive Chinese goliaths...
