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

Post a Comment

Popular posts from this blog

Asian Dream - China, Japan and India

Image
Many experts, politicians, scholars believe 21st century is going to be “Asian Century”. To make this a reality 3 countries should come and work together – Soaring Dragon, Rising Elephant and Assertive Godzilla i.e. China, India and Japan. Below are the reasons I would like to mention – 1. Nominal GDP wise top 3 Asian countries are China, Japan and India. In terms of PPP, the order is China, India and Japan. For a rising Asia, these 3 countries should join hands. 2. In terms of Forex Reserve, the Top 3 Asian economies are China (>$3 Trillion), Japan (> $1 Trillion) and India (> $500 Billion). Surprisingly these 3 nations are also top 5 in the World. 3. China, Japan and India also has 6 (JPX, SSE, SEHK, SZSE, BSE, NSE) out of World’s Top 12 biggest Stock exchanges in terms of Market capitalization. Imagine the enormous potential if we create something like Euronext in Asia. 4. China, Japan, South Korea, India and Taiwan are always featured in top 10 nation Fortune Global 2000 c...
Read more

India's Ballistic Missile Submarine - 40 years of perseverance

Image
 INS Arihant was developed under Advanced Technology Vessel Programme (ATVP). It was began by Mrs. Indira Gandhi on 1974, and became a serious effort in 1985. It spawned a new era in the field of cooperation between DRDO, BARC, Navy, PSUs and private industry in which these organizations synergized their efforts to achieve a significant technological and strategic milestone. The Arihant class( nuclear-powered ballistic missile submarines)- INS Arihant (S2), INS Arighat (S3) are built for the Indian Navy by Navy Shipbuilding Centre, Visakhapatnam. The miniaturized naval version of the reactor of 80MWe was designed and built by the Bhabha Atomic Research Centre (BARC) at the Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam. The prototype reactor became critical on 11 November 2003 and was declared operational on 22 September 2006. Several companies supplied components of the reactor. High grade steel supplied by Heavy Engineering Corporation, Ranchi was used to build the...
Read more

Indian Railways - The lifeline of common people

Image
In FY19, Indian Railways carried 1.157 trillion passenger-km. This makes it the busiest railway system in the World. In 2019, IR carried 8.44 billion Railway passengers, more than anywhere in the World. In FY18, Indian Railways carried 1.16 billion MT of freight, which is 4th highest in the World. To make Indian freight transport more efficient Govt. is making "Dedicated Freight Corridor". In short, 13452 passenger trains and 9141 freight trains plying 23 million travelers and 3 million tons of freight daily. As of March 2019, Indian Railways' Rolling Stock consists 289 thousand freight wagons, 74 thousand passenger coaches and 12 thousand locomotive engines. Indian Railways track length over years- In terms of revenue, Indian Railways is at 4th position with a net revenue of US$ 28.8 billion (2018). Germany's Deutsche Bahn is at top with net revenue of US$ 51.14 billion (2018). India's current Railway electrification is at 39866 km (FY20) which doubled from 19854...
Read more