A Study on Balancing Act between Data Protection and Market Competition

This research paper provides a concise overview of the Balancing act between data protection and Market competition. Both Privacy regulation and Competition law are inter connected. Nowadays consumers are more concerned about their personal data and sharing these data to companies affects their privacy. Where Privacy violation is the fundamental right under Indian Constitution. As a result of it, Government started to implement stricter privacy regulations which affects the companies. Because all companies especially smaller ones cannot afford costly Data protection procedures. This eventually hurts companies profits and affects the market competition. Apart from this, it also focuses on companies or firms that prioritize data protection over market competition . And how much data privacy is important for the consumers , what are the difficulties undergone by consumers in sharing their personal data to companies, firms, websites etc. This paper also establishes the laws enacted by Government of India in relation to Data protection along with comparison of European Regulation GDPR (General data protection regulation). And provides some ways for companies to balance both data protection and market competition.