The Role of Special Economic Zones and their Socio-Economic Impact on Delhi/NCR

Dr Rahul Tripathi
International Journal of Finance, Insurance and Risk Management, Volume 11, Issue 2, 42-50, 2021
DOI: 10.35808/ijfirm/259


Purpose: The paper will highlight the role of SEZ with reference to its impact on Delhi/NCR. Design/Methodology/Approach: While numerous nations have set up Special Economic Zone (SEZs), China has been the best in utilizing SEZs to pull in unfamiliar capital. SEZs are normally made to encourage quick financial development in certain geographic locales. This monetary development is cultivated by utilizing charge motivations as a method of drawing in unfamiliar capital and mechanical progression. SEZs may likewise build out levels for the carrying out different nations that supply SEZs. Findings: The study shows that SEZ projects should be started in backward area for development of regional equilibrium and overall economic development of the country. The SEZs’ have high investment and employment potentials, specially in the area of software engineers and skilled workers. Hence there is need for social and political awareness among the people to support such schemes for the all-round economic and sustainable development of the country. Practical Implications: As the study suggests SEZ is a very important factor for economic development. For equal development of the state, all-round development of the country, SEZ has an important role. Originality value: This is the first, of its kind, research for the SEZs in India and their importance in the economic development of the state.

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