Authors :
Aryan Chawra
Volume/Issue :
Volume 10 - 2025, Issue 2 - February
Google Scholar :
https://tinyurl.com/5cdnuknp
Scribd :
https://tinyurl.com/4dacywf3
DOI :
https://doi.org/10.5281/zenodo.14964299
Abstract :
In the recent times, with the advent of technology and the increasing popularity of the digital world, the relevance of
digitizing the business world has transformed it into a key driver of economic growth and innovation. A downside to this is as
we become more reliant on data, there are amplifies concerns over the misuse of such data and privacy. This has prompted the
governments globally to implement stringent data protection laws. In this article, we will examine the implication of these data
protection laws on businesses and business management in India, while highlighting the key challenges such as compliance
complexities, operational restructuring and financial burdens. The article shall further explore the effect of these laws on
specific sectors such as e-commerce, fintech, healthcare, and IT which rely extensively on data driven operations. The article
throws light on the two-faced challenge of adhering to regulatory requirements while fostering innovation and growth. The
article further provides practical recommendations such as implementation of strong governance frameworks, emphasis on
employee training and adoption of privacy-based business strategies. In conclusion, this article highlights the need of modern
day businesses to implement and adopt advanced business strategies in order to potentially thrive in the evolving regulatory
environment also ensuring consumer trust & sustainable growth.
References :
- Bar & Bench. (2024). Consent Manager under Digital Personal Data Protection Act 2023: A Unique Approach to Data Privacy. Retrieved from https://www.barandbench.com
- Economic Times. (2024). How businesses are adapting to the Digital Personal Data Protection Act, 2023. Retrieved from https://economictimes.indiatimes.com
- European Union. (2018). General Data Protection Regulation (GDPR). Retrieved from https://gdpr.eu/
- Government of India, Ministry of Electronics and Information Technology. (2023). Digital Personal Data Protection Act, 2023. Retrieved from https://www.meity.gov.in/content/digital-personal-data-protection-act-2023
- Government of India, Press Information Bureau. (2024). Updates on Digital Personal Data Protection Rules. Retrieved from https://pib.gov.in
- India Code. (2000). The Information Technology Act, 2000. Retrieved from https://www.indiacode.nic.in/handle/123456789/1999
- World Economic Forum. (2024). The Future of Data Protection and Global Trends in Privacy Laws. Retrieved from https://www.weforum.org
- YourStory. (2024). How India’s startups are navigating the DPDP Act, 2023. Retrieved from https://yourstory.com
In the recent times, with the advent of technology and the increasing popularity of the digital world, the relevance of
digitizing the business world has transformed it into a key driver of economic growth and innovation. A downside to this is as
we become more reliant on data, there are amplifies concerns over the misuse of such data and privacy. This has prompted the
governments globally to implement stringent data protection laws. In this article, we will examine the implication of these data
protection laws on businesses and business management in India, while highlighting the key challenges such as compliance
complexities, operational restructuring and financial burdens. The article shall further explore the effect of these laws on
specific sectors such as e-commerce, fintech, healthcare, and IT which rely extensively on data driven operations. The article
throws light on the two-faced challenge of adhering to regulatory requirements while fostering innovation and growth. The
article further provides practical recommendations such as implementation of strong governance frameworks, emphasis on
employee training and adoption of privacy-based business strategies. In conclusion, this article highlights the need of modern
day businesses to implement and adopt advanced business strategies in order to potentially thrive in the evolving regulatory
environment also ensuring consumer trust & sustainable growth.
