%A Bhargavi Zaveri %T The State in Business and the Business of Regulation %! The State in Business and the Business of Regulation %X This article seeks to dispel the notion that the law treats public sector units preferentially only in India by offering examples of preferential treatment for government-owned entities in developed countries. The solution is, therefore, to secure the credible commitment of the state to subject its corporations to the same standards as are applicable to non-state owned entities.