Amazon Echo and Google Nest (formerly known as Google Home) have mostly dominated the smart speaker space in India. These speakers are not exactly cheap by domestic standards in India. You’d have to spend anywhere between ₹3,500 ($47.50) to ₹5,000 ($68) to get their smallest speakers — namely, the Echo Dot and the Nest Mini. Xiaomi is aiming to take over that segment by offering better specs at an affordable price with its Mi Smart Speaker. The device is a spec-equivalent to the mid-sized Amazon Echo and Google Nest. Its introductory price is just ₹3,499($47.50), after which it’ll likely increase by a…

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