Strategic Growth Engines: Unraveling The Role Of Special Economic Zones In India.
Author :
Ms. Susmita KalyaniJourna Name:
International Journal for Novel Research in Economics, Finance and Management Volume:
4 issue:2 Year:Volume-4-issue-2 Views : 88
Abstract:
This paper titled \"Strategic Growth Engines: Unravelling the Role of Special Economic Zones in India,\" delves into the various facets of Special Economic Zones (SEZs), which are crucial instruments for fostering economic growth and development in India. This paper attempts to clarify the strategic importance of SEZs in the Indian economic environment by thoroughly examining the historical development, policy frameworks, and modern dynamics of SEZs. One major strategy employed by the government to encourage investment and the growth of the national economy is the creation of Special Economic Zones, or SEZs. India is working towards the objective of establishing SEZs in order to reach the nation\'s full potential since these areas inherently attract greater international investment in addition to generating jobs and enhancing infrastructure. This paper used a mixed-methods approach that blends qualitative analysis with empirical data to discover the many roles that Special Economic Zones (SEZs) play in attracting FDI, progressing industrialization, and increasing global competitiveness. Understanding the challenges SEZs face and the creative solutions employed to overcome them is a key component of showcasing the adaptability and resilience of these economic engines. The paper explores how SEZs influence the creation of jobs, the transfer of technology, and regional growth, offering insights into the larger socioeconomic ramifications of these strategic zones. By providing varied viewpoints on the usefulness of Special Economic Zones (SEZs) as accelerators for strategic growth, the study\'s findings add to the continuing discourse on economic policy.