India looking to compel e-commerce, social media firms to store data locally
MUMBAI: India is considering asking e-commerce and social media firms to exclusively store customer data locally, a move that could affect global giants that operate in the country such as Amazon, Facebook and its messaging service WhatsApp...
It comes at a time when deep-pocketed foreign players are rapidly investing in India’s e-commerce market, which Morgan Stanley estimates may be worth $200 billion in a decade...