The Indian government is considering prohibiting Chinese smartphone manufacturers from selling phones for less than Rs 12,000 ($150), which would be another setback for Chinese businesses. The plan may be to promote domestic companies like Lava and Micromax, among others. Samsung and a few other non-Chinese companies have gained some market share in the sub-Rs 15,000 smartphone segment, which Chinese smartphone manufacturers currently dominate. To revive its flagging domestic sector, India wants to prohibit Chinese smartphone manufacturers from selling products for less than 12,000 rupees ($150). This could hurt companies like Xiaomi Corp. According to those with knowledge of the…