Data Localization a Bane for Digital Economic Growth!!
Satish Kumar, Global Head Legal and Chief Data Protection Officer, Ramco Systems Ltd, India
The Government of India, in the Year 2017, constituted a committee of experts under the chairmanship of Supreme Court Justice Shri B N Srikrishna. The scope of this committee was to do a detailed analysis and study of various issues relating to data protection in India and make specific suggestions on principles to be considered for data protection in India and suggest a draft Data Protection Bill. The submission comes after detailed consultations with various stakeholders for over one year.
It is changing the way privacy is looked at in the country. The deterrence comes in the form of penalties ranging from five crores rupees or 2% of the total global turnover to fifteen crore rupees or 4% of the total global turnover.
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