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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