Comparative Study of Regulatory Framework in Infrastructure Sector – Lessons for India

Overview

For the Indian economy to achieve and sustain a high growth rate, creation of quality infrastructure is critical. It is estimated that India needs more than a trillion dollars of investment in infrastructure. This Report focuses on how such a regime can be developed by studying international experience in infrastructure regulation. It assumes, as its operating premise, the need for a regulatory framework to be transparent, consistent, effective and independent of the government.The report analyses and compares the institutional and governance aspects of regulatory frameworks in seven countries: Australia, Brazil, Canada, Philippines, South Africa, Sri Lanka and the UK. On the basis of this comparison, lessons are identified for India.