Economic Survey 2021 Says 'overregulation' Leads To Opaque Decision Making, Pitches For Simple Regulations
Economic Survey 2021 says ‘overregulation’ leads to opaque decision making, pitches for simple regulations The Economic Survey 2021 argues that the problem of 'overregulation' and 'opacity in Indian administrative processes' flows from the emphasis on having complete regulations that account for every possible outcome. Budget 2021 | Representative image: Moneycontrol.com The Economic Survey 2021, released on January 29, observed that India’s administrative processes derive less from lack of compliance to regulatory standards, but from 'overregulation'. “International comparisons show ...