Political Economy of Independent Regulation in India’s Natural Gas Industry


Based on a case study of India’s downstream hydrocarbon regulator, this article argues that the success or failure of independent regulation in industries supplying basic goods and services is determined by the politico-economic context in which the regulator functions. In a developing country with a large number of poor people without access to basic necessities such as water, energy, or roads, independent economic regulation by itself can deliver little, unless backed by a strong political will

 

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