Shri. Rajiv Gauba Calls for Deregulation as the Defining Feature of India's Next-Generation Reforms at Global Fintech Fest 2026
Shri Rajiv Gauba, Member, NITI Aayog, spoke at the Global Fintech Fest 2026 on India's next-generation reform architecture, emphasizing deregulation as its defining feature. He discussed past economic reforms, the role of digital public infrastructure in fintech growth, and the importance of cooperative federalism and trust-based governance.
Why It Matters
This is relevant for competitive exam candidates studying India's economic policies, NITI Aayog initiatives, fintech developments, and administrative reforms under the Viksit Bharat framework.
In Simple Words
Shri Rajiv Gauba highlighted that India's next-generation economic reforms should focus heavily on deregulation. He stressed the need to remove cumbersome license, approval, and renewal processes through a High-Level Committee and Deregulation Task Force guided by trust-based governance.
He also praised India's digital public infrastructure like Aadhaar, UPI, and DigiLocker as a global model of public-private partnership. Furthermore, he emphasized cooperative federalism, risk-proportionate fintech regulations, and measures to attract long-term domestic and foreign investments.
Key Points
- Shri Rajiv Gauba participated in a fireside chat at the Global Fintech Fest 2026.
- The session topic was From Regulation to Transformation: Building India's Next-Generation Reform Architecture.
- Past notable reforms include the Goods and Services Tax, Insolvency and Bankruptcy Code, and a liberalized foreign investment regime.
- Sectors once off-limits to private enterprise now include defence, space, and nuclear energy.
- A High-Level Committee and Deregulation Task Force are systematically reviewing laws and administrative processes under Trust-Based Governance.
- India's digital public infrastructure includes Aadhaar, UPI, DigiLocker, and the account aggregator framework.
- The Central Government's approach is characterized as cooperative federalism with a competitive edge.
- Viksit Bharat is targeted for the year 2047.
Exam Angle
A. Member, NITI Aayog
Source: Press Information Bureau