INDIA IS ON the cusp of a technological revolution and what we do now will decide the fate of billions of lives. With its young, dynamic population, burgeoning economy, and vibrant tech ecosystem, the country is well-positioned to be a digital frontrunner. The next five years will be pivotal in shaping India's digital destiny and regulations around tech could be the fuel required to achieve that goal.
India's journey towards a tech-empowered future by 2029 depends on strategic planning, effective regulation, and nurturing a skilled workforce. The country's success in this endeavour will shape not only its economy but also its standing on the global stage. A significant challenge will be balancing rapid technological advancement with robust data security and privacy laws. The government's role will be pivotal in creating policies that foster growth while protecting citizens' rights.
India's five-year agenda for tech regulation will rest on five pillars.
DATA PRIVACY
The digital era has brought concerns about data privacy and security, prompting India to introduce the landmark Digital Personal Data Protection Act (DPDPA) of 2023. According to Shreya Suri, Partner at the law firm INDUSLAW, the DPDPA's implementation hinges on awareness about compliance obligations and the rights of data principals. This law enforces stringent data security responsibilities on organisations and emphasises the protection of individual privacy rights. Suri claims organisations must establish robust grievance mechanisms for data principals to raise concerns, ensuring compliance and effective grievance redressal.
This story is from the February 18, 2024 edition of Business Today India.
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This story is from the February 18, 2024 edition of Business Today India.
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