Data law to unlock a Rs 10,000 crore space as firms boost compliance spends

India’s new data protection law is expected to attract investments of about Rs 10,000 crore over the next three years as businesses allocate more resources toward privacy automation and services to comply with the norms, according to consulting firm EY India.

Two years after Parliament passed the Digital Personal Data Protection (DPDP) Act, the government on Friday notified the administrative rules that are required for putting the law into effect.

According to EY India, of the nearly Rs 10,000 crore anticipated in investments, consent management—a…