In the Indian market, there are several local products that have gained significant popularity. One notable example is the UPI payment system, which has revolutionized digital transactions across the country. Developed by the National Payments Corporation of India, UPI allows users to transfer money instantly between bank accounts using a mobile device.
Another prominent local product is the Aarogya Setu mobile application, launched by the Government of India to help track and prevent the spread of COVID-19. The app uses Bluetooth and location data to alert users if they have been near someone who tested positive for the virus.
In the e-commerce sector, platforms like Flipkart and Snapdeal have become household names. These Indian-origin companies compete with global giants by offering tailored services and products that cater to local preferences and needs. |
