THE IMPACT OF CYBER CRIME ON INDIAN ECONOMY AND STATE

AUTHOR – NAMAN TYAGI, STUDENT AT CHRIST DEEMED TO BE UNIVERSITY

BEST CITATION – NAMAN TYAGI, THE IMPACT OF CYBER CRIME ON INDIAN ECONOMY AND STATE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (1) OF 2024, PG. 606-614, APIS – 3920 – 0001 & ISSN – 2583-2344

ABSTRACT

This abstract examines the substantial effects of cybercrime on the Indian economy and their implications for the state. The rising incidence of cybercrime has presented significant problems to India’s national security and economic stability. As the digital landscape expands, critical businesses including financial services, e-commerce, and government infrastructure have become targets for cybercriminal activities like fraud, data breaches, and hacking. These attacks undermine public trust, interfere with business operations, and compromise vital information, all of which impede economic growth and progress. The Indian state bears the difficult task of countering this multifaceted challenge. Along with enhancing cybersecurity safeguards, it must strike a balance between upholding efficient law enforcement and safeguarding residents’ privacy. Collaboration between governmental agencies, corporations, and foreign partners is essential to combating the ever-evolving nature of cyber threats. To address the effects of cybercrime on the Indian economy and state, policymakers must support an all-encompassing approach that protects individual rights as well as national interests in the digital age.