 "Illustration by Ajay Mohanty")
In April this year, the Reserve Bank of India (RBI) gave a terse one-page directive, asking payments entities operating in India to store all transaction data in India and make it available immediately on request. This was followed by the formation of a think tank by the Department of Commerce, purportedly to review the e-commerce laws and prepare India’s standpoint at the World Trade Organization. The unstated aim most probably was to hamstring American data companies by erecting a classic non-tariff barrier: Data localisation. The bias of this group was reflected not simply in the fact that American data companies
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