NITI Aayog member Rajiv Gauba has urged regulators to match requirements to the risks involved, with lighter intervention in low-risk activities and firmer action where risks are high. Speaking in New Delhi, he paired regulatory independence with transparent decisions and accountability. He also called for stronger expertise and coordination as businesses cross sectoral and technological boundaries.
Rajiv Gauba, a member of NITI Aayog, India’s policy institution, has called for requirements that reflect the nature and consequences of business risks. Addressing the Kautilya Economic Conclave in New Delhi, he proposed firm intervention in high-risk activities and lighter intervention where risks are low, with predictable treatment in both.[1], [2]
Gauba described regulation as necessary for safety, consumer protection, market integrity and systemic stability. He argued that excessive or poorly designed obligations can obstruct innovation, competition and investment.[1]
He placed clarity, consistency and predictability in the regulatory environment alongside infrastructure, labour laws and incentives as elements of national competitiveness. Regulators should consider whether new rules are needed before intervening in emerging sectors, he said.[1]
Gauba coupled regulatory independence with transparent decisions, clear procedures and effective review mechanisms. He called for specialist expertise and stronger analytical capacity, supported by structured engagement with industry, academia and technology institutions.[1]
He also sought closer coordination among regulators as business models increasingly cross sectors and technologies. Overlapping mandates can duplicate requirements while leaving other risks uncovered, he argued.[1]
