Shutting access to apps in the aftermath of sanctions against Russia holds a mirror to the strategic risks of dependency on foreign tech providers. EPISODE #63
Excellent article Anil!! As you rightly pointed out, obstacles are both local and global. We should move forward with the Data Privacy Law, which will pave way for filling up many loopholes and policy absence. Hope this becomes a reality in the coming Parliament Sessions.
Another interesting article!! As you rightly say, the ripple of India Stack 's success are already spreading around the globe. It has given the world a model for closing the gap in financial inclusion and effectively delivering services to the citizens. It has created a unified software platform to bring India's population into the digital age.
But there are still some major issues.India is still mostly a cash economy where around 90% of transactions settle in cash .only 1/3 of population has a smart phone and cybersecurity is a major concern. But no doubt our progress has been remarkable with AADHAR being the world's biggest biometric identity database and the progress of our digital payments infrastructure ( NPCI).
Thank you for your kind words. You are right about cash still being dominant. Though i am not sure if it is as high as you suggest. Will check and revert.
Topical and an eye opener for not only India but for many other countries as well. The ramifications of war or hostilities are far reaching and tech as highlighted by you Anil, is perhaps one of the most vulnerable and critical areas. In the last seven years, India has taken some path breaking measures and has jumped many places to figure in the top bracket of countries with advanced software technologies. The revealing of options by the Western power block in withdrawal of services of financial facilitators, branded consumer goods, barring and expulsion from sports bodies, will now sow the seeds for a divided world. New power blocks will emerge to counter some of these arbitrary actions. Truly atmanirbhar or self sufficiency will be the new mantra. Congratulations on authoring this powerful realization Anil. Thank you 😊
Dear Gautam, thank you for the kind words. Much appreciated. You are spot on. This is the beginning of a rejig of the world order. What emerges is anybody's guess.
Thank you for writing in. Hopefully this eventuality may not arise. But from India's strategic point of view it makes sense to be prepared. And for that dependency on foreign tech providers should be minimised. Especially when the global world order is being rearranged. Hope this helped.
Excellent article Anil!! As you rightly pointed out, obstacles are both local and global. We should move forward with the Data Privacy Law, which will pave way for filling up many loopholes and policy absence. Hope this becomes a reality in the coming Parliament Sessions.
Thank you Vivek. 😊
Dear Anil,
Another interesting article!! As you rightly say, the ripple of India Stack 's success are already spreading around the globe. It has given the world a model for closing the gap in financial inclusion and effectively delivering services to the citizens. It has created a unified software platform to bring India's population into the digital age.
But there are still some major issues.India is still mostly a cash economy where around 90% of transactions settle in cash .only 1/3 of population has a smart phone and cybersecurity is a major concern. But no doubt our progress has been remarkable with AADHAR being the world's biggest biometric identity database and the progress of our digital payments infrastructure ( NPCI).
Dear Vandana,
Thank you for your kind words. You are right about cash still being dominant. Though i am not sure if it is as high as you suggest. Will check and revert.
Best
Anil
Topical and an eye opener for not only India but for many other countries as well. The ramifications of war or hostilities are far reaching and tech as highlighted by you Anil, is perhaps one of the most vulnerable and critical areas. In the last seven years, India has taken some path breaking measures and has jumped many places to figure in the top bracket of countries with advanced software technologies. The revealing of options by the Western power block in withdrawal of services of financial facilitators, branded consumer goods, barring and expulsion from sports bodies, will now sow the seeds for a divided world. New power blocks will emerge to counter some of these arbitrary actions. Truly atmanirbhar or self sufficiency will be the new mantra. Congratulations on authoring this powerful realization Anil. Thank you 😊
Dear Gautam, thank you for the kind words. Much appreciated. You are spot on. This is the beginning of a rejig of the world order. What emerges is anybody's guess.
Best
Anil
But i dont want my govt to do anything that may bring this consequences. Not even pakistan. If they decide to attack us why will we be sanctioned.
Dear Kishan,
Thank you for writing in. Hopefully this eventuality may not arise. But from India's strategic point of view it makes sense to be prepared. And for that dependency on foreign tech providers should be minimised. Especially when the global world order is being rearranged. Hope this helped.
Keep sharing your feedback.
Best
Anil