Data localisation won't help 'local' firms or improve privacy — but it could cost India $43 billion

The Indian government has been a strong propagator of data localisation stating that it will improve the security and privacy of data.A report by ICRIER and IAMAI finds that data localisation is inconsequential to privacy and will weaken fraud detection.It also states that the growth and competitiveness of local firms, especially start-ups and small businesses, will be hampered by data localisation.The Internet is getting faster, more people are coming online, data consumption is higher than ever — but so are the amount of data breaches. Financial data in India is already localised but the government is looking to bring all data under the new regime with the Personal Data Protection Bill 2019. Their argument is that is will make data more secure if it's stored in Indian servers. India's most

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