Special Economic Zones in India: Myths and Realities

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Anthem Press, 2008 - Business & Economics - 198 pages
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Special Economic Zones (SEZs) are turning out to be one of the stiffest challenges for India's economic policy reforms.  Since the announcement of SEZ rules on 10 February 2006, these zones have aroused unprecedented controversy.  The emotionally charged debate on SEZs has often produced inflexible positions on either side.  The unusually strong public reaction has also forced policymakers to revisit several aspects of the policy in recent months. Why are SEZs so controversial?  Will they really exacerbate income inequality, endanger food security and worsen regional imbalance?  Or will they help Indian industry in taking its final leap onto the global arena?  Only time will provide the answers.  As the first book on India's SEZs, this volume examines different popular perceptions - both good and bad - surrounding these zones.  Apart from the international evidence and the Indian story, the book looks closely at critical issues like financial viability, land requirements, extant rules and the political economy of SEZs.  Admitting that the last word on the subject is far from being spoken, the book contends that the SEZ saga will be a test of strength for the country's social and political concensus on its economic policies and future reforms.  Introduced by eminent economist Bibek Debroy, this book is a must read.

 

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Contents

CHAPTER
1
CHAPTER 2
36
CHAPTER 3
62
CHAPTER 4
80
CHAPTER 5
113
CHAPTER 6
147
CHAPTER 7
169
APPENDIX 1
185
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About the author (2008)

Amitendu Palit is a Visiting Fellow at the Indian Council for Research on International Economic Relations (ICRIER), Delhi, currently on study leave from the Ministry of Finance, Government of India, where he holds the position of Deputy Economic Advisor. He specializes in and writes on macroeconomics, foreign investment and industrial policy issues.    Subhomoy Bhattacharjee is the Resident Editor, ‘Financial Express, Delhi’. He has earlier worked with leading financial newspapers like ‘The Economic Times’ and ‘Business Standard’. He writes extensively on macroeconomic issues, financial markets and corporate developments.

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