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@article{ Roy2018, title = {Overview: Building State Capacity for Regulation in India}, author = {Roy, Shubho and Shah, Ajay and Srikrishna, B.N. and Sundaresan, Somasekhar}, journal = {IndraStra Global}, number = {7}, pages = {4}, volume = {4}, year = {2018}, issn = {2381-3652}, urn = {https://nbn-resolving.org/urn:nbn:de:0168-ssoar-58496-9}, abstract = {When India embarked on market-oriented reforms in 1991, there was a desire to break with central planning; with detailed government control of entry barriers, product design and processes within firms. This is not synonymous with deregulation: there are market failures in many industries that require addressing. This led to the establishment of regulators. While the Reserve Bank of India has existed since 1934, there was a wave of establishment of new regulators after SEBI was created in 1988.}, }