Let’s look before we leap: why India must study the actual impact of every regulation
The article strongly advocates Regulatory Impact Assessment (RIA) for India, arguing effective deregulation requires systematic evaluation, not mere rule elimination. It explains how poorly designed regulations, even with good intentions, create unintended negative outcomes. RIA is a crucial diagnostic tool, assessing costs and benefits *before* implementation, reversing India’s current reactive approach. The author urges statutory backing and an independent RIA oversight body, highlighting economic benefits and international adoption. Institutionalizing RIA will strengthen investor confidence, foster innovation, and ensure smarter, transparent, evidence-based economic governance.
LiveMint · Pradeep S. Mehta, Tasmita Sengupta · Aug 11, 2026 at 6:30 AM