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Data protection bill detrimental to economy, says advocacy group
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IANS | 22 Oct, 2018
While the government is in the process of devising institutional
measures to protect consumers' personal data, an advocacy group has
written to Union Law Minister Ravi Shankar Prasad against the limited
scope of the legislation in work, which, it said, will "harm the overall
globalization of the economy" in the long run.
Consumer VOICE on
Sunday said that though the move may seem right in the short run, it
eventually will prove to be detrimental to the economy.
The
government had earlier this year brought out the draft of data
protection bill, an effort towards defining the legal boundaries of the
use of personal data and bringing the matter under legislature.
"The
bill in its current form will drastically hinder such progress and
negatively impact consumer interests in garnering benefits of these
global technological innovations, access to global best practices and
options, economies of scale, knowledge base and opportunities," the
advocacy group said in its letter to Prasad, who is also the Minister of
Electronics and Information Technology.
The bill, if passed in
its present form, may even cause to wipe out nearly one per cent of the
Gross Domestic Production (GDP) of the country, the letter said.
"An
international report has quantified harm to Indian economy and states
that the potential impact on India's GDP may be -0.8 per cent, domestic
investments -1.4 per cent and the loss per worker may be equivalent to
11 per cent of the average monthly salary," it read.
The letter
said that restrictions on cross-border flow of data will have "far
reaching negative consequences", as will the data localisation, which
will deny the citizens the access of "innovative offerings".
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