India doesn’t have a single “govt ban rooted phones from banking apps” rule, but RBI’s digital payment security controls explicitly allow banks to block mobile apps on rooted/jailbroken devices, and many do. Combine that with device+SIM binding requirements and platform attestation (e.g., Play Integrity), and the practical result is often “no banking/UPI on rooted phones.”
Yes, there is a company called Dmart and they are doing really well.
Recently one opened in my area and local shop owner mentioned that it is killing their business. People are flocking to Dmart for discounts.
I have personally seen this transition. Some folks who started from tier 2 cities got access to white collar jobs because of MNCs like TCS, Infosys.
Now they have improved skillset through Internet courses and are now working on much higher pay at product companies.
MNCs are essentially doing what colleges fail to do in India. Teaching people how to code, talk to clients and bring them into formal employment.
I read A brief history of time when I was 11. Since then every single time I have reread the book I have found something new. I waited every Monday night for his show into the universe with Stephan Hawkins. He was the reason I became more curious and skeptical about nature of things. My hats off to this amazing conscious being made from stardust.