Finshots Daily
The economic costs of internet shutdowns
Jan 15, 2025
Internet shutdowns can wreak havoc on economies and everyday lives, especially in a digitally reliant society. The discussion dives into the harsh impact these shutdowns have on businesses and foreign investments. It also highlights a significant Supreme Court ruling that recognized internet access as a fundamental right, paving the way for better guidelines to mitigate disruptions. This podcast reveals the delicate balance between governance and digital freedom, making it a crucial listen for anyone interested in the intersection of technology and law.
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Quick takeaways
- Internet shutdowns lead to significant economic losses, with India contributing nearly $320 million to a global cost of $7.69 billion.
- Disruptions impact daily life by hindering access to essential services for vulnerable populations relying on digital platforms for support.
Deep dives
Impact of Internet Shutdowns on Economic Stability
Internet shutdowns significantly disrupt economic activities and deter foreign investment in India. The rationale behind these shutdowns is often to prevent misinformation during times of unrest, yet the economic fallout can be severe, as the global cost of internet blackouts reached approximately $7.69 billion in 2024, with India contributing nearly $320 million. Industries like IT, e-commerce, and fintech, which depend heavily on stable internet connectivity, suffer immense losses during these disruptions. The unpredictability caused by frequent shutdowns creates a challenging environment for businesses, making India a less appealing prospect for foreign investors seeking stable and consistent market conditions.
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