India and Cross Border Data Flow

"Data is the new oil"

Clive Humby, UK Mathematician 2006-

Cross Border Data transfer is the movement or transfer of information between servers across country borders. Recently, Nikkei Asia Team published a report with help of International Telecommunication Union & US data analytics company "TeleGeography". Out of 485.66 million Mbps of data flow, China now accounts 23% of all cross border data and nearly twice the share of US (12%). India is at 4th position. The rank of top 5 nations are -

  1. China + Hong Kong - 111 million Mbps
  2. USA - 60 million Mbps
  3. UK - 51.22 million Mbps
  4. India - 32.97 million Mbps (6.8%)
  5. Singapore - 8.11 million Mbps
In 2001, US had 45% of the World's cross border data. India's share rose 20000 times since 2001.

According to McKinsey, the cross-border bandwidth in use grew 148 times between 2005-2017, a proxy for the surge of information on the move. As data use and movement rises, governments and citizens have taken interest. The Organization for Economic Cooperation and Development (OECD) documents an increase in the cumulative number of data regulations, from around 50 worldwide in the early 2000s to just under 250 in 2019. The overall level of data restrictiveness as measured by the European Centre for International Political Economic (ECIPE)’s Data Restrictiveness Index has doubled in the past decade.

Imposing restrictions on cross-border data flows can severely impact the growth of India’s digital trade which has a potential to grow to ₹12.8 lakh crore by 2030, said a report prepared by Hong Kong-based Hinrich Foundation. The report estimates more than 200% growth in the total value of virtual goods and services enabled by digital economy and e-commerce from present $58 billion to $197 billion by 2030.



Comments

Popular posts from this blog

Asian Dream - China, Japan and India

India's Supercomputer Journey

India's preparation for upcoming Tokyo Olympics