Indeed, there may not be worthwhile regulatory approaches to all problems, even where the benefits of an activity outweigh the costs to regulate it. For example, when considering the “cost-to-regulate” perspective, some regulatory structures consist of rules that are based solely on metrics.
No other discipline in India recorded such growth and development during the same period in India. There were several important ingredients. In statistics, unlike other disciplines, India was not a late starter. Indeed, much of the development even in the United States came later. Only Britain had started earlier.