India is poorly lacking in not just cyber laws, but also patent protection, pharma products, shoddy packaging and shadow marketing done riding piggy back by small firms on International or MNC products. India still does get software business outsourced to it more due to IT firms signing up NDA clauses and strictly abiding by them in most cases.
The BPO firms and call center firms have lost the British businesses as most clients in UK have been annoyed by their personal data being compromised, or credit cards being misused.
A good law becomes a law under the following circumstances
1. Define the offense or the crime, the seriousness and the context of it.
2. Define the punitive measures
3. Address issues firmly within few weeks or within a couple of months.
4. Assign good infrastructure, personnel, training, records and databases, people, technology etc.
5. Laws need to be framed by technocrats who know, understand the contexts under which the misdemeanour has occured, obviously that leaves out the luddite street-walkers paan spewing lowly paid locals or regional language champions.
Unfortunately, India remains to be a silly basket case with a cut-and-paste document set laid out in early fifties still sitting out as a judicial dispensing agency, the penalty amounts still languish at levels not in sync with inflation or the laid back value of our national currency, and if the Tatas have not been able to do anything much of a squatter sitting on their domain name, pharma and FMCG companies cry of around 2500 crores being list in just a couple of states due to firms duplicating their tangible labelled and sealed products, fail to see much happening out here.
The movie businesses are not protected on their produce despite being taxed 40-70 percent as Entertainment tax. The result has been the Mafias have come in to do their bit, but in exchange for overseas distribution rights, and / or mechanisms to invest their ill-gotten gains into the industry to change the color of their currency from black to white, but doing their bit for the industry by arranging lucrative live shows in Dubai / Malaysia.
If u think any of these guys sitting out there in the legislature containing people and supportees who could hardly differentiate between a TV remote and a mobile hand-set to frame cyber laws, do let me know. Till then, whatever that comes out is as useful as collecting green-points from the other end of a buffalo, and expecting it to solve your problems -