???? | 2024 India Technology Policy Year in Review

Tahseen Consulting revisited #India’s interesting #digitaleconomy policies, trends, and notable headlines from 2024. Here are our picks for the biggest #techpolicy developments

JANUARY

? SpaceX #Starlink gets satellite #broadband license

? Zomato , Stripe get approval for online #paymentaggregator services

? Government tells tech giants to crack down on #deepfakes

FEBRUARY

? India #E2W sales ▲ 34% in Q3 FY24, 11% YoY

? #INDIA, #UAE sign bilateral investment treaty

? 亚马逊 Pay gets Reserve Bank of India (RBI) #paymentaggregator license

? Reliance Industries Limited , 华特迪士尼公司 announce $8.5B #TV, #SVOD merger

MARCH

? Competition Commission Of India issues guidelines on antitrust penalties

? #BigTech rejects #digitalcompetition law requirements

? #India launches the Electric Mobility Promotion Scheme to boost #E2W, #E3W sales

? Paytm gets third-party #UPI #app license

APRIL

? Q1 #ecommerce sales grows 12-15%

? 80% of online transactions are #gaming, utility bills, ecommerce

? Lenskart.com raises $200M from Temasek , 富达 at a $5B valuation

MAY

? CCI probe finds Amazon, Flipkart contravened #antitrust laws

? India, UAE discuss India-Middle East-Europe Economic Corridor

? Disney+ Hotstar sells Tata Play Ltd stake in ~$300M transaction

? 谷歌 to invest $350M in Flipkart at $37B valuation

JUNE

? #Payments industry pushes back on the Reserve RBI's draft #paymentaggregator guidelines

? Amazon acquires Amazon MX Player in a major #streaming expansion

? Ola Electric gets approval for a $660M #IPO

JULY

? #Gaming industry growing 20% YoY.

? UAE trade ▲ 15% to $70B since the #FTA was signed.

? Remittances to reach $160B by 2029

? #Digitaleconomy to account for 20% of GDP by 2026

? Bankruptcy proceedings begin for BYJU'S

? Reliance Retail considers bringing #China’s SHEIN back

AUGUST

? India leads Meta #AI usage globally

? #Semiconductor industry to hit $109B by 2030

? Telecoms call for regulating #OTT #apps

? #Gaming sector to hit $4.6B by 2026 – Grant Thornton

? #China FDI restrictions to be reconsidered

? Wise eyes expansion, targets $32B remittances market

? Google, Amazon, and 沃尔玛 participating in #India’s #CBDC pilot.

? Tech firms want to expedite #dataprivacy regulations

? Digital payments to 3x by 2029

? Q1 electronics exports surge driven by 苹果 #iPhone

SEPTEMBER

? #UPI transactions ▲ 41% YoY to a record high

? #Qcommerce firms racing to set up more #darkstores

? Tower Semiconductor , Adani Group discusses $10B #semiconductor manufacturing facility

? #Tech companies with 10% of global users / generating 10% of GMV require M&A approval

? $10B+ in incentives being considered to woo #semiconductor manufacturers

? 1st sovereign wealth fund to be established

? #Africa’s biggest insurer Sanlam enters market via Shiram Capital Group partnership

? India leads the global IPO market with $12B+ in deals.

? Digital Competition Bill delayed to 2025

? SEBI mulls stricter rules for #IPOs of micro-caps

OCTOBER

? #EVs could use ~9% of electricity by 2035

? #Ecommerce orders ▲ 20% as festive season begins sales hit $6.5B in 1st week

? Hyundai Motor Company (?????) planning India’s biggest #IPO at a $19B valuation.

? 微软 -backed G42 unveils its #AI strategy

? New classification framework for online, skill-based games unveiled

? Starlink and Amazon told to comply with security requirements to provide satellite communications services

? Abu Dhabi Investment Authority (ADIA) launches in GIFT City

? #HNWIs shift $130B to Singapore in 2023

? #Ecommrce #darkpattern use scrutinized

? 英伟达 discusses a #semiconductor #JV

? #VCs push for exits by encouraging early / mid-stage portfolio companies to #IPO

NOVEMBER

? Salesforce hitting $1B in India revenue

? Competition Commission finds Zomato, Swiggy violated #antitrust laws

? Wikipedia under scrutiny over bias, inaccuracies

? India emerges as one of Microsoft’s fastest growing markets

? Nazara Technologies Limited partnering with #ONDC on an in-game shopping platform

? Reliance and Disney complete $8.5B JV deal

? OpenAI sued by news agency #ANI

? MNCs offered $5B in electronics manufacturing incentives in China challenge

? Ministry of Electronics and Information Technology calls for stricter #socialmedia, #OTT #contentpolicy

? #Kenya cancels $2.6B airport deal with Adani Group

DECEMBER

? #BlackFriday #ecommerce sales ▲ ~18%

? Tesla restarts showroom search, signaling potential entry

? India overtakes #US Google Workspace users

? Netflix and Amazon opposing #India’s attempt to regulate content delivery networks

? OYO completes $525M G6 Hospitality acquisition, now owns Motel 6

? Now 157,000 startups, adding 1.6M jobs

? #DoT introduces new telecom #KYC guidelines

? Tech firms oppose #OTT spam regulations for messaging platforms

? Indian businesses lead Dubai Chamber of Commerce 2024 registrations

? India ranks as the 2nd biggest #IPO market this year behind the #US

? India to become Apple's 3rd largest market by 2026

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In case you missed it, here are all of our 2024 year-end wrap ups …

???? | UAE ? https://www.dhirubhai.net/pulse/2024-united-arab-emirates-technology-policy-year-review-ncdhf

???? | Saudi Arabia ? https://www.dhirubhai.net/pulse/2024-saudi-arabia-technology-policy-year-review-tahseen-consulting-hsqhf

???? | Egypt ? https://www.dhirubhai.net/pulse/2024-egypt-technology-policy-year-review-tahseen-consulting-9k3yf/

???? | 2024 Pakistan ? https://www.dhirubhai.net/pulse/2024-pakistan-technology-policy-year-review-tahseen-consulting-vnhjf/

?? | MENA ? https://www.dhirubhai.net/pulse/2024-mena-technology-policy-year-review-tahseen-consulting-p2i4f

?? | Southeast Asia ? https://www.dhirubhai.net/pulse/2024-singapore-southeast-asia-technology-policy-year-pynmf