This publication draws upon the findings of the study titled Regulatory reforms in India: effectiveness, efficiency and impacts conducted by TERI as part of the GoI/UNDP (Government of India/United Nations Development Programme) Economic Reforms Programme.
Independent regulators were introduced in the power and telecom sectors in the mid-1990s. Since then, they have addressed various issues like tariffs, competition, efficiency, investments, and quality of service. Reducing costs, delays, and uncertainties for businesses, and thus improving the attractiveness of the overall business climate are the major goals of regulatory reform. As a result, reform activity is expected to yield consumer benefits in terms of lower prices and wider choices.