India’s transition to private markets is predicated on how well it regulates private activities across a range of economic sectors such as finance, telecom, and infrastructure. Since 1991, the government has signaled its willingness to regulate private markets technocratically and neutrally by creating independent regulators such as the Securities and Exchange Board of India, Telecom Regulatory Authority of India, Insolvency and Bankruptcy Board of India, and others. 

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This article was originally published by BloombergQuint.