India, May 27 -- Should law enable and guide innovation or step in only to regulate and restrict once innovation has taken place? In the area of emerging technologies, law has often played catch-up. An underlying principle driving this approach has been that regulation should not limit innovation and should step in only once there is evidence of the risk that needs to be addressed.

In the rapidly growing area of Artificial Intelligence (AI), where applications are already being deployed across sectors, the regulatory pendulum seems to be oscillating between a consolidated framework such as the EU's AI Act; China's stack of topic-specific regulations on algorithms (recommendation, deep synthesis and generative AI); and the US light-touch ...