Comment by systemvoltage

EU creating its own FAANG would be a great thing for consumers - more competition. Americans wouldn’t mind using EU based services. I personally already use one such critical service - Email.

When you turn inwards(like China) and then expect widespread adoption and cooperation whilst banning domestic competition, do you really think that’s better for India?

India has the capability to compete at the global level without turning inwards. Entrepreneurs in India can and will compete internationally. When you have virtually no international competition, the overall incentive to compete is reduced and the quality with it.