Our proposed data protection law could stymie digital value creation without enhancing privacy in any meaningful way India’s place as a leading digital economy received resounding validation through Facebook’s $5.7 billion investment in Jio Platforms.
This is in addition to a collaboration between the two data behemoths on an e-commerce offering through Facebook’s all-pervasive WhatsApp messaging service.
This is the largest foreign investment in the digital and technology space in India till date. On another note, the Personal Data Protection Bill—which, if enacted, will redefine the entire functioning of the digital economy in the country—is pending before Parliament.