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One of the thoughts in India is that all these regulations can be read to favor just one gigantic entity - the Reliance Jio group..who is going to reap the benefits of this protectionism. But no other startup probably is (because all startup fundraises originate in the US)

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invoking Reliance is just a convenient boogeyman.

can see plenty of domestic and govt investment in local startups.

Care to elaborate? I keep hearing that along with similar things like "once Ambami/reliance adopts $xyz-tech everything will shift there". Due to its size Reliance is obviously in a position of power but do you see them lobbying for control in sectors outside telecom? Didn't read article due to paywall

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