Data protection bill: Ashwini Vaishnaw has done a great job, says Infosys co-founder Nandan Nilekani

Infosys co-founder and Aadhaar architect Nandan Nilekani hailed India's Digital Personal Data Protection (DPDP) bill, stating that it has all the elements needed for data empowerment and will create a massive explosion of credit to buyers and sellers.

"Mr Vaishnaw (IT minister Ashwini Vaishnaw) has done a great job in getting the bill together. It's very strong and it is a principle-oriented bill. And it was long overdue. We now must build on that- regulation and data protection board has to come. And I am particularly pleased that it has all things required for data empowerment," Nilekani told Moneycontrol.

Nilekani further said the data privacy bill provides a legal infrastructure that will lead to a massive explosion of credit for buyers and sellers. "There's going to be a lot of consumer credit in a very organised way, coming to buyers," he said.

Nilekani is one of India's influential technocrats, having played a pivotal role in scaling some of the country's biggest digital public rails, from Aadhaar to Unified Payments Interface (UPI) to FASTag to the Open Network for Digital Commerce (ONDC) and the Open Credit Enablement Network (OCEN).