Reliance - Facebook deal what does it mean to indian industry.

Financial implications:

Reliance Facebook deal will reduce the debt burden of the Jio Platform Limited(JPL) a holding company  of  reliance industry.

Supply Chain Perspectives;

Reliance has launched Jio Mart a business to Business platform for connecting Kiranna stores digitally. Now, after the Facebook deal, Jio mart will be using WhatsApp pay for payment solutions.It means Kirana stores can order merchandise from Jio  Mart, pay via WhatsApp pay and deliver the products to customer doorstep. Thus, bringing unorganized retailer into the e-commerce business(1).

Customer will get the same day door delivery unlike he has to travel to the store for shopping or picking the goods(2). This will empower millions of small neighborhood stores in India

Customer Perspectives:

Customer data consumption will increase. online shopping and online payments will see rapid growth(4)

Privacy Concerns

Both Facebook and Jio have huge customer private information. Cross  leveraging may lead to privacy issues(1)
The deal may lead to net neutrality. In this situation, Jio may give preference to Facebook and Whats App or vice versa that many netizens expressed their fear

Others

The Facebook -Jio deal will bring less legal hurdles to Facebook's much awaited payment system

References 

1.

Facebook buys 9.99% stake in Reliance Jio for Rs 43,574 crore. (2020). Retrieved 9 May 2020, from https://economictimes.indiatimes.com/tech/internet/facebook-buys-9-99-stake-in-reliance-jio-for-5-7-billion/articleshow/75283735.cms

2.

Facebook-Jio deal: JioMart, WhatsApp to empower 3 crore kirana shops, says Mukesh Ambani. (2020). Retrieved 9 May 2020, from https://www.businesstoday.in/current/corporate/facebook-jio-deal-jiomart-whatsapp-to-empower-3-crore-kirana-shops-says-mukesh-ambani/story/401679.html?utm_source=recengine&utm_medium=WEB&referral_sourceid=401654&referral_cat=Corporate

3.

Explained: What the Jio deal means for Reliance and Facebook. (2020). Retrieved 9 May 2020, from https://indianexpress.com/article/explained/what-the-jio-deal-means-for-reliance-facebook-6374686/

4.

Kalpana Pathak, D. (2020). Facebook’s second coming with $5.7 billion Reliance Jio deal. Retrieved 9 May 2020, from https://www.livemint.com/companies/news/facebook-s-second-coming-with-5-7-billion-reliance-jio-deal-11587582130025.html