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The budget is poised to play a pivotal role in shaping Indias economic growth and global competitiveness, particularly in the realm of cybersecurity. ....
A report by Deloitte predicts that the cyber insurance market in India will grow by 27-30% in the coming years. The current market is valued at $50-60 million and has maintained a steady compound annual growth rate (CAGR) of 27-30% over the past three years. The growth is expected to continue due to increased awareness of the need for cyber insurance. Industries heavily involved in digitization, such as IT, pharma, and manufacturing, are identified as prime targets for cybercriminals and are early adopters of cyber insurance. ....
Services like co-lending, payments, cross selling of financial products depend on multiple companies working together. With the DPDP Act those partnerships will need to be relooked. ....
The proposed e-commerce policy in India will not include provisions for an independent regulator for online retail platforms or cover data-related issues. The policy is in its final stages and will be presented to the Prime Minister s office soon. The Department for Promotion of Industry and Internal Trade recently held discussions with e-commerce firms and domestic traders, resulting in a broad consensus on the proposed policy. ....