Facebook, Google Operations India Set To Get A Boost After Age Of Consent For Data Sharing Lowered
Portfolio Pulse from Arpit Nayak
The Indian government is set to pass a law that lowers the age of consent for data sharing to 14 years, which could significantly impact the operations of Meta Platforms Inc (Facebook) and Google in India. The new draft law also changes from whitelisting to blacklisting countries where Indian citizens' data cannot be processed. The data of children can only be processed if it benefits the child, such as in healthcare or government schemes.
July 11, 2023 | 5:58 am
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NEGATIVE IMPACT
The new Indian data protection law could significantly impact Google's operations in India.
The new law lowers the age of consent for data sharing, which could increase the user base for Google. However, the requirement for 'verifiably safe' handling of children's data and restrictions on its use could impose additional operational and compliance costs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The new Indian data protection law could significantly impact Meta Platforms' operations in India.
The new law lowers the age of consent for data sharing, which could increase the user base for Meta Platforms. However, the requirement for 'verifiably safe' handling of children's data and restrictions on its use could impose additional operational and compliance costs.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80