India Loses Billions of Dollars Due to Internet Shutdowns
India Loses Billions of Dollars Due to Internet Shutdowns Internet shutdowns are a growing problem around the world. In 2022, there were 114 major deliberate internet outages in 23 countries, affecting 710 million people. These shutdowns had a significant economic and social impact. A study by Top10VPN found that internet shutdowns in 2022 cost the global economy $24.67 billion. This includes losses in productivity, tourism, and foreign investment. The shutdowns also had a negative impact on education and healthcare, as people were unable to access online resources. India lost $1.9 billion in the first half of 2023 due to internet shutdowns. It also found that the shutdowns also led to the loss of 21,000 jobs and $11.8 million in foreign direct investment. The most affected country in 2022 was Russia, which suffered a loss of $21.59 billion due to internet shutdowns. This was followed by Myanmar ($1.09 billion), Iran ($773 million), and India ($582.8 million). The study also foun...