Chapter

Special Economic Zones in India

Part of the series India Studies in Business and Economics pp 117-152

Date:

Special SEZs for Services: India’s Experiences and the Way Forward

  • Arpita MukherjeeAffiliated withIndian Council for Research on International Economic Relations Email author 
  • , Parthapratim PalAffiliated withIndian Institute of Management
  • , Saubhik DebAffiliated withEconomist and Independent Consultant
  • , Subhobrota RayAffiliated withEconomist and Independent Consultant
  • , Tanu M. GoyalAffiliated withIndian Council for Research on International Economic Relations

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Abstract

Globally, countries are focusing on services SEZs, since services play a key role in establishing GVCs and the WTO is yet to develop a discipline on subsidies in services. India’s growth has been propelled by the services sector, and India enjoys a positive trade balance in services, as opposed to trade in goods. It is, therefore, prudent for the country to promote services SEZs to enhance exports and create employment. The chapter focuses on some sector-specific services SEZs, which have been approved, and some potential services SEZs, which India can experiment with. The chapter recommends how to diversify the export base and create employment by supporting such SEZs through the right policies.