India Finally Gets Serious About Data Privacy

According to Gartner, the market research firm, the size of the global Business Process Outsourcing market by 2007 will be $173bn, of which $24.23bn will be outsourced to offshore suppliers. India is currently the leading offshore destination for business process outsourcing (BPO). However, in the wake of some well publicized data protection and security lapses in recent times, foreign companies had begun to doubt whether India is a safe place for their customers’ data. In order to resolve these concerns the Indian Government, working in collaboration with industry representative body the National Association of Software and Service Companies (NASSCOM), is now in the process of amending the current Indian Data Protection law, as well as setting up a self-regulatory body to establish security guidelines and monitor any data protection breaches.