Special Economic Zones and their Contribution in Indian Economy

Indian economy is one of the fastest-growing economies of the whole world. To further boost the tempo of its growth, it is leaving no stone unturned to increase the productivity of its resources and their proper utilisation. Establishment of special economic zones (SEZs) is one such endeavour of Indian government which promises to contribute towards its economic development through export promotion and manufacture of products for exports. SEZs have contributed to great measures towards the development of Indian economy. They have created employment for the increasing labour force of India and, at the same time, led to fast-track increase in the export earnings of India. SEZs hold the promise of development of the Indian economy both in the long and the short run. Present paper deals with the introduction of SEZs and their present status and future scope in the development of Indian economy.