Blacklist more open than whitelisted data
The proposed negative list for data transfers offers a less restrictive alternative to localisation mandates, addressing business concerns while maintaining consumer safeguards. This approach supports India’s ambition to become a major exporter of refined data by facilitating unhindered flows and lowering trade barriers in the digital economy. An open data policy requiring harmonised consumer rights and common access frameworks is essential for this strategy. By treating data sharing as the default with adequate protections, India can leverage its large consumer market to generate valuable insights and drive digital transformation. This shift promotes competition through a common pool of anonymised data, allowing industries to analyse consumer behaviour freely. Ultimately, avoiding exclusion from global data-sharing arrangements ensures India remains a competitive player, balancing domestic processing strengths with the benefits of cross-border information exchange.
Source: economictimes.indiatimes.comPublished on 2023-03-22