What Indian regulators are getting wrong

All of a sudden, Indian regulators in at least two sectors find themselves under the spotlight: civil aviation and pharmaceuticals. Recent events have shown how they are ill-equipped to regulate the two rapidly-growing sectors. These also happen to be sectors where lapses can be fatal. This is in sharp contrast to the country's financial sector regulators, in particular the Reserve Bank of India which has won global acclaim for monitoring the health of banks regularly and taking timely remedial action whenever needed.

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