Economic Impact of Internet shutdown in Indian and world economy

EconomicImpactofInternetshutdowninIndianandworldeconomy

News: According to a report by the UK-based privacy and security research firm Top10VPN, India has suffered the longest internet shutdowns in 2020 globally.

Facts:

Key Takeaways from the report:

  • Globally, internet shutdowns cost the world economy $4 billion. However, this represents a 50% decrease in impact compared to $8.05 billion in 2019.
  • India has suffered the biggest economic impact in the world in 2020 due to Internet shutdowns adding up to 8,927 hours and $2.8 billion losses.
  • Among 21 countries that curbed internet access last year, the economic impact seen in India was more than double the combined cost for the next 20 countries in the list.
  • India continued to restrict Internet access more than any other country — over 75 times in 2020.The majority of these short blackouts were highly targeted, affecting groups of villages or individual city districts.
  • The report made a separate mention of the extended curbs on Internet use in Jammu and Kashmir. It has called it as the longest Internet shutdown in a democracy.

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