A stakeholder consultation was organised by ICRIER on September 3, 2019 at New Delhi to discuss the study on “The Role of Standards in Diffusion of Emerging Technologies: Internet of Things (IoT)”, commissioned by the Department of Science and Industrial Research (DSIR), Government of India. To set the context and present the preliminary findings of the study, a presentation was made by Mansi Kedia, Fellow, ICRIER, which provided a concise overview of the evolution of the IoT ecosystem (India and globally), the importance of standardisation and the role of standards development organisations (SDOs). The subsequent discussion focussed on the importance of standardisation and the role of SDOs and the challenges related to the adoption and implementation of standards in India. The participants noted that India’s current contribution to the standards ecosystem has largely come from Indian counterparts of foreign corporates. Alternatively, global standards were adopted, which did not necessarily cater to the needs of the Indian IoT ecosystem. There was consensus on the need to enhance India’s role by increasing participation and contributing more actively to the global standards ecosystem. This will help India develop innovative methods concepts which could be cornerstones for the emerging ‘smart’ industries and ‘smart’ solutions.