2 hrs ago
Senior Policymaker Urges Deregulation for India’s Next-Generation Reform Agenda
Rajiv Gauba said India should make its rules simpler.
He wants fewer licenses, approvals and repeated renewals.
This could make it easier for businesses and new ideas to grow.
A High-Level Committee is reviewing laws and government processes.
A Deregulation Task Force is also working with states and cities.
Gauba said governments must encourage innovation while still protecting people.
He pointed to digital systems such as Aadhaar, UPI and DigiLocker as important achievements.
He also said India’s fintech rules should be fair, flexible and matched to the level of risk.
NITI Aayog member Rajiv Gauba called deregulation the central focus of India’s next-generation reforms.
Gauba urged a systematic rollback of licensing, approval and frequent-renewal requirements to simplify governance and encourage innovation.
A High-Level Committee and the Deregulation Task Force are reviewing laws and processes under a trust-based governance approach.
He said reform incentives for states and cities reflect cooperative federalism with a competitive edge.
Gauba said fintech regulation should be principles-based, technology-neutral and proportionate to risk while protecting the public interest.
- Who
- Rajiv Gauba, a member of NITI Aayog, made the remarks.
- What
- He called for deregulation and a systematic review and rollback of licensing, approval and renewal requirements.
- Where
- The report was datelined New Delhi, and the remarks were made at the Global Fintech Fest 2026.
- When
- The remarks were made on Thursday at the Global Fintech Fest 2026.
- Why
- The proposed reforms are intended to simplify governance, encourage innovation, balance fintech oversight with growth, and support India’s development goals.
Key facts
- Main proposal
- Make deregulation the focus of India’s next-generation reform architecture.
- Review process
- A High-Level Committee is reviewing laws, regulations and administrative processes.
- Subnational reforms
- The Deregulation Task Force is extending trust-based governance principles to states and cities.
- Policy approach
- The government describes its approach as cooperative federalism with a competitive edge.
- Past reforms cited
- Gauba highlighted the Goods and Services Tax, Insolvency and Bankruptcy Code, and liberalized foreign investment rules.
- Digital infrastructure
- Aadhaar, UPI, DigiLocker and the account aggregator framework were cited as examples of India’s digital public infrastructure.
- Fintech regulation
- Rules should be principles-based, technology-neutral and proportionate to risk.
Sources
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