Consent Managers Under Digital Personal Data Protection Act – Bridging The Gap Between Data Principal And Data Fiduciary

Over the last decade, India has become one of the most significant consumers of data in the world. Currently, the internet penetration rate in India stands at 48.7% (forty-eight point seven per cent) and this number is expected to exceed 61% (sixty one per cent) by the end of 2025. An average internet user in India consumes approximately 19.5 GB (nineteen point five giga bytes) of data every month. Much of this growth can be attributed to improved internet infrastructure, cheap smart phones, and availability of reasonable data packs across the country.

Another major effect of this increased access to cheap internet and smartphones is the uptick in e-commerce and online banking. The e-commerce market is projected to grow at 18% (eighteen per cent) annually through 2025 and is expected to touch $350 billion by 2030. Further, India accounts for nearly 40% (forty per cent) of global online banking transactions.