Regulation and Competition: Emerging Issues in an Indian Perspective
This chapter provides a brief guide to the development strategies that have been pursued and to the evolution of regulatory laws and institutions in India. It examines the new legal basis for promoting competition in India, and uses the example of telecommunications to explore some of economic and political issues relating to regulation of competition in this sector. It shows that regulatory issues need to be addressed in the early stages of reform and that the effectiveness of regulation will be enhanced by reducing the political element in regulatory decision-making.
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