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Continuous investment in digital infrastructure, including data centres and high-speed internet, along with policy support, has propelled India's services exports to a "historic" milestone of USD 34.31 billion in October, a commerce ministry official said. The official said India has established itself as a global leader in digitally delivered services exports, leveraging its robust IT sector and skilled workforce. Services traded through computer networks, such as the internet, apps, emails, and digital intermediation platforms, have grown exponentially. "India's services sector reached a historic milestone in October 2024, recording an all-time high in monthly exports of USD 34.31 billion, a 22.3 per cent increase compared to October 2023," the official added. The key enabling factors that are helping the sector's growth included continuous investment in digital infrastructure, such as data centres and high-speed internet connectivity; initiatives like Digital India that have ...
Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar on Thursday said the Digital Personal Data Protection Act (DPDP Act) passed by Parliament recently will make digital companies handle the data of Indian citizens under absolute legal obligation. Calling the law an important milestone in the cyber law framework, Chandrasekhar said there will be punitive consequences of high penalty and even blocking them from operating in India. "The Digital Personal Data Protection Act that was passed by Parliament a few days ago is a very important milestone in the global standard cyber law framework that Prime Minister Narendra Modi wanted to build for the India Techade' (a decade of technology) for a trillion dollar digital economy," the union minister told PTI. The DPDP Bill is aimed at giving Indian citizens a right to have his or her data protected and casts obligations on all companies, all platforms be it foreign or Indian, small or big, to ensure that th