Regulatory Responsiveness in India: A Normative and Empirical Framework for Assessment

26 Pages Posted: 22 Dec 2016

See all articles by Anirudh Burman

Anirudh Burman

National Institute of Public Finance and Policy

Bhargavi Zaveri

Indira Gandhi Institute of Development Research (IGIDR)

Date Written: December 13, 2016

Abstract

This 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 four statutory 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.

Keywords: Governance, Responsiveness, Regulators, India, SEBI, TRAI, RBI, AERA

JEL Classification: D73, G38, K22, K23, O16

Suggested Citation

Burman, Anirudh and Zaveri, Bhargavi, Regulatory Responsiveness in India: A Normative and Empirical Framework for Assessment (December 13, 2016). Available at SSRN: https://ssrn.com/abstract=2888310 or http://dx.doi.org/10.2139/ssrn.2888310

Anirudh Burman

National Institute of Public Finance and Policy ( email )

18/2, Satsang Vihar Marg
New Delhi, 110067
India

Bhargavi Zaveri (Contact Author)

Indira Gandhi Institute of Development Research (IGIDR) ( email )

Gen A.K. Vaidya Marg Santoshnagar
Goregaon (East)
Mumbai, Maharashtra 400065
India

Register to save articles to
your library

Register

Paper statistics

Downloads
39
Abstract Views
310
PlumX Metrics