India’s ambition to achieve developed economy status by 2047 under the Viksit Bharat vision rests on expanding productive capacity, on engineering a structural transition towards innovation-led, knowledge-intensive growth. It is a shift that is fundamentally dependent on the quality, coherence and forward-orientation of its regulatory architecture.
This conference advances the argument that regulatory framework design is a primary macroeconomic variable, not a secondary administrative consideration and that India’s ability to sustain high-quality growth over the coming decades will be determined in significant part by whether its institutions are recalibrated to incentivise discovery, reward complexity and attract long-horizon investment.
Drawing on productivity economics and institutional analysis, the conference will examine the relationship between regulatory design and key economic performance indicators (including total factor productivity (TFP), incremental capital-output ratio (ICOR) and the depth of industrial upgrading) to demonstrate that regulatory fragmentation, compliance asymmetries and institutional gaps represent binding constraints on India’s innovation potential.
It will interrogate a critical structural tension at the heart of India’s development moment. Rather than just focusing on deregulation, it is an opportune time for India to advance a capability-centric model of regulatory modernisation, one that builds institutional credibility, reduces uncertainty for R&D-intensive investors and creates the enabling conditions for domestically anchored innovation ecosystems to take root and scale.
Instead of narrowly focusing on deregulation, the conference discusses a capability-centric model of regulatory modernisation. Such a model should build institutional trustworthiness. It should reduce uncertainty for R&D-intensive investors, create legal certainty for citizens and enterprises and establish enabling conditions for domestically anchored innovation ecosystems to grow and scale. The conference will also examine in what way strategic conformity with international regulatory criteria and global best practices can serve as an instrument of economic statecraft.
Arrival, Tea, Meet and Greet
Picture with Mr Sameer Kochhar, Chairman, SKOCH Group
Opening Remarks:
Keynote: Prof S Mahendra Dev, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM)
Dr Manoj Kumar, Additional Secretary, Legislative Department, Ministry of Law & Justice
Dr Shekhar Aiyar, Director and Chief Executive, ICRIER
Prof Sachin Kumar Sharma, Director General, RIS
Tea Break
The panel discusses how India can shift from compliance-centric to capability-centric regulation. It covers regulatory sandboxes, adaptive licensing, sector-specific innovation cells, better coordination among regulators, stronger technical talent, data-driven supervision, faster clarifications and more predictable enforcement. The focus is not on whether India should regulate innovation, but on how to build regulatory capacity to do so intelligently, proportionately and confidently.
India cannot afford a regulation culture that is either blindly permissive or reflexively prohibitive. Excessive risk aversion can push innovation offshore, discourage experimentation, slow technology adoption and trap firms in lower value production segments. Equally, weak or poorly designed regulation can cause consumer harm, systemic risks, market distortions and loss of public faith.
Moderated by Prof Subhomoy Bhattacharjee, whose work on regulatory governance brings together economics, law, institutions and public policy, the discussion begins by examining how India can strengthen the analytical competencies of regulators. Next, Mr Pradeep S Mehta’s expertise in Regulatory Impact Assessment helps frame the need for evidence-based rulemaking, cost-benefit analysis, stakeholder consultation, sunset clauses, competition assessment and institutional feedback loops. Dr Raghavender GR then offers the perspective of intellectual property and pharmaceuticals, where innovation depends on a delicate balance among incentives for research, affordability, public health, technology transfer and global competitiveness. Finally, Mr Dilip Chenoy addresses Web3 and Virtual Digital Assets, outlining the regulatory challenge of protecting consumers and financial stability without dismissing an entire technological architecture that may shape future digital infrastructure, tokenisation, payments, contracts and decentralised applications.
Prof Subhomoy Bhattacharjee, Consulting Editor, Business Standard & Professor of Practice, OP Jindal Global University
Dr Raghavender GR, Senior Consultant (IPR), Dept for Promotion of Industry & Internal Trade (DPIIT), Govt. of India
Mr Dilip Chenoy, Chairperson, Bharat Web3 Association
Mr Pradeep S Mehta, Secretary General, CUTS International
Reserved
Lunch