Data and a new global order

The shift of global power from the Atlantic to the Indo-Pacific raises strategic questions for India. But in the ‘Digital Data Revolution’, algorithms requiring massive amounts of data determine innovation, the nature of productivity growth, and military power. A renewed strategy Innovation based on data streams has contributed to China’s rise as the second-largest economy and the “near-peer” of the U.S. China’s digital technology-led capitalism is moving fast to utilise the economic potential of data, pushing the recently launched e-yuan and shaking the dollar-based settlement for global trade. India, like China, is uncomfortable with treating Western values as universal values and with the U.S. interpretation of Freedom of Navigation rules in others’ territorial waters.