Social media company Facebook said on Friday that the data protection law being adopted in the country has the potential to accelerate India's digital economy and global digital business.
The company's statement came after the hearing of the Joint Committee of Parliament on Data Security Bill 2019. The committee is headed by BJP MP Meenakshi Lekhi.
A company spokesperson said that we are proud to have the opportunity to discuss issues of data regulation with members of the Joint Committee on Private Data Protection Bill. We are confident that the country's data protection law has the potential to accelerate the country's digital economy and global digital trade. We will give full support to this effort of the government.
A source aware of the meeting of the parliamentary committee said that the committee on Friday answered questions from social media company Facebook regarding its revenue, profit, and payment of tax in the country. The company was asked how much of their income is used for data security in the country.
The company's policy head, Ankhi Das, presented his stand before the committee. He was interrogated for about two hours and asked some tough questions. Representatives of various political parties in the committee posed questions.
A member of the committee suggested during the meeting that the social media platform should not use the data of the users for the commercial benefit of its advertisers or influencing the electoral process.