The Governance Gap Is Not About Regulation
The instinct in many enterprises is to wait for regulation before building governance. With AI, that instinct is operationally dangerous — not because a regulator will penalise you tomorrow, but because the harm governance is designed to prevent is already occurring.
Biased credit scoring models. AI-assisted KYC with unexplained rejections. Vendor AI systems processing personal data without adequate oversight. These are not hypothetical risks — they are documented failure modes in Indian regulated enterprises today.