NITI Aayog Member Rajiv Gauba calls for light-touch, risk-proportionate regulation at the Kautilya Economic Conclave

3 October 2026

Rajiv Gauba, Member of NITI Aayog, spoke at the plenary session "Regulatory Oversight in an Age of Disruption" at the 5th Kautilya Economic Conclave, according to a Press Information Bureau release of 3 October 2026.
He said the choice is not between regulation and growth; rules should manage risk while supporting innovation, competition and investment.
He said regulatory requirements should be calibrated to the nature and consequences of the risks involved, and regulators' independence must come with accountability.
He wanted a State that is "firm where risks are high, and light-touch where risks are low", and called for better coordination among regulators with overlapping mandates.
He linked this to Viksit Bharat by 2047 and the Prime Minister's philosophy of Trust Based Governance, or Jan Vishwas.