.Fee Regulation as well as the Economic Condition in India: Before Self-reliance and also After5 minutes read Final Updated: Oct 01 2024|10:43 PM IST.Regulation and also the Economy in India: Prior To Independence and After.Author: Tirthankar Roy & Anand V Swamy.Publisher: HarperCollins.Pages: 584.Price: Rs 799.For an economy to function efficiently, participants must be certain of the outcomes– that the counterparty will execute its own component, the wide range that one produces will continue to be along with the producer, and that legal systems will definitely ensure these. These features are actually a sine qua non for economic development. Yet, as far back as 1793, Governor General Cornwallis rued that the “increasing stockpile of matches struck at the very origin of the prosperity of the country”.Rule and the Economic situation.