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Design of Regulatory Institutions
Telecom Regulatory Authority of India was first created by promulgating an ordinance; it was also restructured using the ordinance route. Reluctance of the executive branch to establish a truly independent regulator is palpable in the statute governing the telecom regulator. While this had adverse impacts on both the substance and structure of regulation in the sector, this paper examines specifically the nature of institutional design of TRAI in Chapter II of the TRAI Act, 1997, and the inefficiencies inherent in the structural imbalance between regulator and licensor.
I thank Jaivir Singh for his guidance and support; comments from an anonymous referee are also gratefully acknowledged. I thank the Government of India for granting me study leave to pursue research. Views are personal.
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