I found the analysis on winners and losers for the Indian model to be lacking in depth. Specifically, if the Jio Platform truly intends to be a platform (as described by the Bill Gates line[1]) then it's a huge win for Indian companies and startup ecosystem.

I wonder if FANGs will dramatically change their Indian operations and make their Indian subsidiaries the primary revenue engines with India first products and services.

On a tangential note, what do these FANG subsidiaries in India primarily focus on? Is it more sales and business operations? Or do they also do "real software engineering" as well? Asking for a friend :)