U.S. tech companies are rolling up their sleeves and bracing themselves for an onslaught of regulation in India that will change the way they do business in the South Asian nation.
On Saturday, India opted out of trade talks with a U.S.-led group of Asian countries, saying the benefits aren’t clear from trade commitments related to issues around the environment, labor and digital trade. It added that it is in the process of firming up its own digital framework and laws, particularly regarding privacy and data. By doing so, India became the only participant in the 14-nation Indo-Pacific Economic Framework that didn’t sign on to the group’s negotiation track on trade.
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