Acknowledgements This report was prepared under the supervision of Pradeep S Mehta, and the overall guidance of the

Steering Committee, comprising of S. Sundar (Chairman), Shankar Acharya, TCA Anant, Suman Bery, B.B. Bhattacharya, S. Chakravarthy, V.K. Dhall (special invitee), Shubhashis Gangopadhyay, Subir Gokarn, Shrawan Nigam, Manoj Pant, TCA Srinivas Raghavan, S.L. Rao and Pronab Sen. The foreword has been written by Vijay Kelkar. The various chapters were written by Manish Agarwal, TCA Anant, Aditya Bhattacharjea, S. Chakravarthy, Ramesh Chand, A. Damodaran, Prabhat Dayal, A.S. Firoz, Shubhashis Gangopadhyay, Sunil Jain, Bharath Jairaj, K. J. Joseph, Amirullah Khan, Devendra Kodwani, Rajeev Mathur, Pradeep S Mehta, Praveen Mohanty, Nitya Nanda, KV Ramaswamy, Jaivir Singh, S. Sundar, and Mahesh Uppal. Comments on chapters were received from Vivek Agarwal, Sanjeev S Ahluwalia, Diwakar Babu, Laveesh Bhandari, S.S. Bhandare, T.H. Chowdary, Biswanath Goldar, Barbara Harriss-White, Surendra Kanstiya, Rajat Kathuria, K.L. Krishna, Bhanwar Lal, V.K. Mathur, Jiban K Mukhopadhyay, R. Nagaraj, Raghav Narsalay, Anand Pathak, Amit Sengupta, N.S. Siddharthan, Pradeep Srivastava, N. Suresh, Suresh Tendulkar, P.N. Vijay and V.S. Vyas. The report benefited from participants in a Brainstorming Session in New Delhi in March 2004, a Seminar on Functional Competition Policy for India held in Hyderabad in October 2004 and a Project Review Meeting in Jaipur in October 2004. Inputs and comments were received during the various stages of preparation from: Pierre Arhel, Nazeeb Arif, T. K. Arun, T. Balachandran, Shantanu Banerjee, A.S. Bhall, T.P. Bhat, T.A. Bhavani, S. Bhattacharya, Philippe Brusick, Malti Chandkika, Bipul Chatterji, M. K. Chaudhuri, R. Desikan, Dalia Dey, K. S. Galundiya, Reena George, Pushpa Girimaji, M. Gopalakrishna, Madan Giri Goswami, N. K. Jain, Usha Jumani, Amitabh Kumar, C. V. Kumar, Manoj Kumar, Ujjwal Kumar, Arvind Mayaram, V.D. Maalwade, R. K Mishra, N. L. Mitra, Y.G. Muralidharan, A.K Padmanabhan, Ranjan Panda, Vinayak Pandey, Narendra Pani, S. Peermohamad, Sanjib Pohit, K.Y.U Durga Prasad, Marc Proksch, K. Raghu, P. Ravi Sekhara Raju, P.C. Ramakrishnan, A.V. Narasimha Rao, T. K. Rao, Dhanna Singh Rawat, C. Rami Reddy, D. Narasimha Reddy, Amrit Lal Saha, Bhaskar Samvat, S.K. Sarkar, Nabinanda Sen, N. Surya Senthil, U. Shankar, V.B. Shastry, Abhinav Shukla, A.R. Sihag, Harsh Vardhan Singh, Manjit Singh, Lakshmidevi Somnath, Mahendra Soni, K. Srinivasan, K. Swaminathan, G. Narayana Swamy, K.L. Thapar and Arif Waqif The financial support of the Department for International Development, UK is gratefully acknowledged. Gratitude is also expressed for all the above-named persons for their contribution to the project, and a special thanks to Manish Agarwal, the project manager, S. Sundar for steering the project, and to Vijay Kelkar for writing a most complimentary and encouraging foreword. Assistance in the project management was provided by Shweta Agarwal, Vikash Batham, Nupur Mehta, Anudeepa Nair, Sheela Rai and Vijay Singh.