Special economic zones (SEZ) and its impact on India’s export

Abstract

In this era of globalization every country is adopting the policy of import substitution and export Promotion. For the export promotion many countries such as USSR, Mexico, and Jordan etc. adopted the policy of Special Economic Zones (SEZ). It was believed that the SEZ are the instrument of export promotion, earners of foreign exchange, stimulator of employment and foreign investment. Special economic zones concept has evolved across the globe and several developing countries have adopted this policy for set-up of industrial zones that focus on exports and helps in generating economic opportunity and able to attract Foreign direct investment. So SEZs can be defined as a geographically delimited area which is physically secured, has single window clearance system, less complicated administrative unit and duty free environment. In this paper, an attempt is made to review the concept of Special Economic Zone and its impact on the exports from India. The study is based on secondary sources of data and it covers for the period of recent ten years.