Finshots Daily

The economic costs of internet shutdowns

10 snips
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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INSIGHT

Localized Internet Shutdowns

  • Several Indian states, including Rajasthan and Manipur, experienced localized internet shutdowns in 2024.
  • These often go unnoticed because they are not statewide.
INSIGHT

Justification vs. Consequences

  • Governments justify internet shutdowns as a way to control misinformation and volatile situations.
  • However, these shutdowns have significant economic consequences.
INSIGHT

Economic Impact

  • Internet shutdowns cause substantial financial losses, impacting foreign direct investment (FDI).
  • In 2024, India lost nearly $320 million due to these disruptions.
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