As US and Indian companies, private and government, come together to explore sectors ranging from high-tech defence to space, energy and a range of IT services, they will likely force several regulatory changes, too.
A model for this can be seen in what has begun to happen between the US and the European Union (EU) with the establishment of their Joint Regulatory Forum. Every six months all the financial sector regulators on the two sides of the Atlantic come together to fine-tune their regulatory arrangements including two areas that will be most salient for India. These are rules for digital