Outdated laws highlight a governance gap: no institutionalized regulatory review.

The fix? Regular 5-year assessments using Regulatory Impact Analyses, independent expert reviews, and transparent reporting.

Why it matters: Redundant rules erode trust, stifle innovation, and foster inefficiency. A structured review process can future-proof governance, boost economic dynamism, and restore public faith in the system.

I write in the @EconomicTimes.