India faces ‘techno-colonialism’ with its data: Ola founder Bhavish Aggarwal

Ola founder and CEO Bhavish Aggarwal coined the term “techno-colonialism” in an interview with ANI, to describe a modern phenomenon where India’s data is exported to global data centers, processed, and then repurposed and sold back to India.

Why does Bhavish Aggarwal believe India is under “techno-colonialism”?
Aggarwal likened this practice to the historical exploitation of Indian resources by the British East India Company, saying that while India produces a 20% of the world’s data, with the benefits of this data largely siphoned off by foreign tech giants.