Regulatory Responsiveness in India: A Normative and Empirical Framework for Assessment
Published By: IGIDR on eSS | Published Date: July , 2016This paper seeks to measure the extent to which Indian regulators are responsive in the performance of
their functions. The paper focuses on one function common to all Indian statutory regulators, namely,
regulation making. To measure responsiveness, the paper constructs an index of benchmarks of
responsive conduct, with corresponding quantifiable outputs. It empirically measures the responsiveness
of the telecom and securities markets regulators in India, on this index. The paper finds that there are
significant differences among the laws governing Indian regulators in the context of the requirement to
be responsive, and that the degree of responsiveness of Indian regulators is directly proportional to the
legal requirement for following participatory processes. [WP-2016-025].
Author(s): Anirudh Burman, Bhargavi Zaveri | Posted on: Nov 08, 2016 | Views() | Download (500)