With the government planning to secure all data related to finance and e-commerce in India, many start-ups fear that the Centre may also bring them into the e-commerce fold.
This, in turn, would make it impossible for them to process data abroad, according to LocalCircles, a social media and citizen engagement platform.
Under the much-awaited e-commerce policy, a number of proposals are around data protection and storing data onshore. The proposals are aimed at online e-commerce players, foreign banks and fintech firms for storing and processing all data in India.
Start-ups fear that a blanket policy would affect smaller firms which need to