Jump to ContentJump to Main Navigation
A Concise Handbook of the Indian Economy in the 21st Century$
Users without a subscription are not able to see the full content.

Ashima Goyal

Print publication date: 2019

Print ISBN-13: 9780199496464

Published to Oxford Scholarship Online: January 2020

DOI: 10.1093/oso/9780199496464.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 03 June 2020

Promoting Special Economic Zones as a Strategy of Industrialization and Lessons Learned

Promoting Special Economic Zones as a Strategy of Industrialization and Lessons Learned

Chapter:
(p.276) Chapter 10
 Promoting Special Economic Zones as a Strategy of Industrialization and Lessons Learned
Source:
A Concise Handbook of the Indian Economy in the 21st Century
Author(s):

Aradhna Aggarwal

Publisher:
Oxford University Press
DOI:10.1093/oso/9780199496464.003.0010

Aradhna Aggarwal in examining the formation and evolution of SEZ policy and its contribution to Indian industrialization over different phases draws lessons for new policies. Contextual solutions require experimentation, but continuity of government support over the political cycles is also essential. Commercial sustainability with some legal backing may be the way for policy consistency, making special initiatives independent of the government. To the extent special concessions are given, some sunset clause, or else use of competition, and appropriate regulation to prevent rent-seeking, would be required. Tax concessions could be reduced as other constraints ease. A CAG report that highlighted the large tax losses, and the large percentage of unutilized land in SEZs, points to the necessity of both proper design and implementation. But a blind anti-industry position is counterproductive when employment generation is the way to reduce poverty. Strategic vision and dynamic learning must combine with a political will to implement.

Keywords:   SEZ, industrialization, political cycles, commercial sustainability, legal backing, sunset clause, rent-seeking

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .