With the digital phenomenon restructuring most social sectors, it is little surprise that global trade negotiations are now eyeing the digital area in an attempt to pre-emptively colonise it. Big Data is freely collected or mined from developing countries, and converted into digital intelligence in developed countries. This intelligence begins to control different sectors and extract monopoly rents. A large foreign company providing cab service, for instance, is not a work of cars and drivers, it is digital intelligence about commuting, public transport, roads, traffic, city events, presonal behavioural characteristics of commuters and driver and so on. Which one of the following is the most logical and rational corollary to the above passage?
Globalization is not in the interests of India as it undermines its socio-economic structures.
India should be careful to protect its digital sovereignty in global trade talks.
India should charge monopoly rents from multinational companies in exchange for Big Data
The loss of Big Data from India is proportional to the degree/value of its foreign trade.
Answer is (b). Options (a), (c), and (d) are incorrect. The passage primarily discusses how ownership of digital data is becoming crucial for trade and business advantages, emphasizing the risks associated with foreign firms holding Indian data. Option (b) provides the best guidance for the future based on the passage's context.
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