India's booming $200 billion digital economy has recently drawn U.S. tech giants into a heated confrontation with New Delhi over the core commodity of the digital age: data. In June, New Delhi's Ministry of Commerce met with officials from Facebook, Amazon, Google and Microsoft to hear out their concerns over a proposed policy that would require foreign companies operating in India to store data locally. In addition to inflating their costs, these companies worry the law would loosen their grip on the data generated by the billions of Indian clicks, taps and swipes taking place on their platforms. As the global economy increasingly goes digital, the value of data will only grow . And as a result, India will seek to tighten its grip over data generated within its boundaries.