India considering banning Chinese firms from selling smartphones under ₹12,000: Reports

The Indian government is reportedly considering banning Chinese smartphone makers from selling devices cheaper than ₹12,000. The move is reportedly aimed at giving a boost to homegrown brands. As per a report, smartphones under ₹12,000 contributed to a third of India's sales volume for this financial year's second quarter, with Chinese firms accounting for around 80% of those shipments.