A member of the committee told ETthere is a strong case for data to be stored in India.
“Broadly, data has to be in the country. There are some areas where exemptions could be there but even from the country’s sovereignty point of view, vital data has to be stored locally,” the person said, adding that such information is classified as “sensitive personal data”. “While sensitive personal data is already defined under many Acts, the committee will do the remaining job,” the person said.
In April, RBI directed payment companies to ensure that they store data of Indians only in servers located in the country to enable “unfettered access” by the regulator. ET reported last week that the regulator has asked companies for a fortnightly update on their compliance.
