SEZ-Led Economic Growth: Evaluating The Impact Of Export Promotion Policies On Developing Countries, With A Focus On India – An Analytical Study

Abstract

This analytical study investigates the impact of export promotion policies, with a specific focus on Special Economic Zones (SEZs), on the economic growth of developing countries, using India as a case study. The research aims to evaluate the effectiveness of SEZs in encouraging the export of goods and services and assess their contribution to expanding employment opportunities. The study examines India's journey from the introduction of the 'Export Processing Zone' model in 1965 to the establishment of SEZs, emphasizing their role in India's export-led growth strategy.

The research reveals a significant increase in the role of SEZs in export promotion, with a 92 percent rise from 2006-07 to 2007-08. Approximately 1525 operational units within SEZs have contributed to a surge in employment opportunities, both direct and indirect. The investment landscape reflects the success of the policy in attracting diverse investments, fostering economic vitality. The study aligns with India's Vision 2020, highlighting the pivotal role of the 'Economic Zone Scheme' in shaping a strong and prosperous India.