ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Understanding the Indian Regulatory State

Regulation in India: Design, Capacity, Performance edited by Devesh Kapur and Madhav Khosla, New Delhi: Hart Publishing, 2019; pp 448, ₹ 602 (paperback).

The rise of the regulatory state is a product of capitalism and demo­cracy, simultaneously concerned with promoting the free market and winning the popular vote. Every country’s regulatory framework was born out of and developed in its unique situation and context. In India, the regulatory state emerged as an unavoidable outcome of the economic crisis and international pressures. Against the backdrop of this crisis, in a country with huge inequalities, the regulations were designed to depoliticise certain decision-making processes, maximise welfare, prevent monopolies, and still try to accomplish the unattained goal of distributive justice.

Almost two decades after the watershed 1991 reforms, the book under review, true to its title, undertakes a much-needed analysis of regulation in India and its design, capacity, and performance. In the absence of a comprehensive study of the foundations, and how regulations have evolved and performed over time and in different sectors, this book is the first major study encompassing these aspects and is a critical contribution to existing literature.

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Updated On : 15th Jul, 2020

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