Big Tech is powerful and its profits are growing - by 105% over the last year. It dominates economies. This raises concerns about data protection and privacy, anti-trust, fintech and the specific role of intermediaries. India is leading the way on fintech, but is behind several countries and institutions on digital rules. It is important to establish laws and rules to govern technology – whether domestic or through multilateral bodies – with the aim to strike the right balance between innovation and regulation.
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In preparing India for its G20 Presidency, domestic standards must be strengthened to reflect globally. The chaotic nature of the Global Digital Infrastructure requires a champion in standard setting and developing regulatory frameworks. India and Canada, both founding members of the Global Partnership on AI with the OECD may influence the multilateral system.
Trade patterns are influenced by geography. To facilitate strong trade relations and strengthen domestic economies, India & Canada must leverage ASEAN through the digital shift and build on beneficial relations with nations amidst the coercive behaviour of hegemonic powers.
The Space20 is the newest sub-forum of the G20 initiated by Saudi Arabia, with the support of the United Nations Office of Outer Space Affairs. India, on its way to the G20 presidency in 2022, should set a comprehensive Space20 agenda for the democratization of outer space, whereby it can share its space growth story with the developing world and achieve its goal to become a global knowledge epicenter.
The shifting trends in trade, especially given the growth in communications capacity and reduced cost of computing have altered traditional economic development. India and Canada have a shared commercial interest in E-trade. Both countries need to align their resources to frame trade rules of the new digital economy, to mutual benefit.
India and Canada can collaborate in the realm of cybersecurity by devising a common set of rules for governing cyber space. Aaron Shull, Managing Director and General Counsel, Centre for International Governance Innovation (CIGI), spoke to Gateway House on the sidelines of the India-Canada Track 1.5 Dialogue
The India-Canada Track 1.5 Dialogue on Innovation, Growth and Prosperity, an initiative agreed upon in February 2018 by the two prime ministers, provides an opportunity for the bilateral relationship to grow through geopolitical convergence, greater economic collaboration and people-to-people interaction. A statement by External Affairs Minister S. Jaishankar for the second edition of the Dialogue, held in Mumbai on 22 November 2019
It’s time to start moving on matters in which Canada is a natural ally for India - trade liberalization, energy investments, intellectual property and the rules around e-commerce in particular and big data governance in general.
Digital black markets or “dark net marketplaces” which facilitate the transaction of contraband and illegal services, pose a silent, relatively unnoticed threat to the economy. Hackers, organised criminal networks and terrorist groups use these sites, their advanced security features enabling anonymity when executing cybercrimes. This infographic looks at some of the security crackdowns that have eliminated only some of these sites as they have proved to be resilient
The use of terrestrial geoengineering techniques, such as carbon capture, is necessary to keep the rise in global temperatures below 1.5 degrees Celsius, as per the Paris Agreement’s targets. Terrestrial geoengineering is different from atmospheric climate engineering: the latter does not remove the very source of the increased greenhouse effect, which are anthropogenic greenhouse gases. India and Canada must collaborate on carbon capture and propose multilateral regulations for unethical atmospheric climate engineering