Internet Shutdowns Cost India $2.8B in 2020: Report

The loss due to internet shutdowns last year is estimated to be $2.4 bln. While internet access is taken for granted in today's connected world, various governments across the world have imposed internet shutdowns. Costly Government Intervention. According to research by The Center for Technology Innovation at Brookings, shutdown of the internet, primarily short-term, by governments have caused an estimated loss of $2.4 bln last year due to loss of economic activity alone. If the secondary impact such as loss of investors, consumer confidence, taxes, etc. of internet shutdowns is....

According to a report by the Internet and Mobile Association of India (IAMAI) along with IMRB International, the two organizations forecast that Internet users in India are expected to reach 302 million by the end of the year. The forecast is a 32 percent increase from the 213 million Indian Internet users at the end of 2013. Currently, the ranking puts China in the first place with 600 million Internet users, with the United States at 279 million Internet users and India following closely behind and battling for second place. Reported by The Hindu news source, upon release of the report....

Several new developments are pointing to India as being the next point of interest for the key digital currency Bitcoin. They are building on the untapped opportunities available to the country’s billion people. Surge in Internet use. India has overtaken the United States to become the world’s second largest Internet market, with 333 million users, behind China’s 721 million. Even though this is a positive development, the new report by the UN Broadband Commission for Sustainable Development also confirms that just six nations – including China and India – together account for 55% of the....

India has emerged as a leading global player in the Web3 market, a new report by Nasscom states. Web3 investments in the country grew 37 times from the start of 2020 to Q1 2022 and $1.1 trillion in Web3 economic value is projected to be added to India’s GDP by 2032. India Emerges a Leading Global Player in Web3 Market Nasscom published a report titled “The India Web3 Startup Landscape: An Emerging Technology Leadership Frontier” Wednesday. Established in 1988, Nasscom is a non-profit industry association for the technology sector in India. The organization has more than....

The use of Bitcoin may get some more fortification in India as the region’s most wealthiest man is enabling super cheap 4G to a billion Indian citizens. India’s Richest Man Gives 4G Data to a Billion People. Mukesh Ambani is one of the richest men in India. Local consumers will have the opportunity to try Ambani’s new Jio Network, allowing 4G data at....