A Study on Special Economic Zone and Its Impact on Economic Growth
Author : Anu Priya B and Dr. MD Chinnu
Abstract :
This study explores how Special Economic Zones (SEZs) contribute to economic growth by attracting investment, boosting exports, and creating employment opportunities. SEZs act as engines of industrial development by offering supportive policies, quality infrastructure, and simplified regulatory systems. The research looks at different SEZ models around the world to understand how effectively they improve productivity and global competitiveness. It also discusses how SEZs benefit nearby regions through spill over effects, while pointing out key challenges such as regulatory hurdles and environmental concerns. By using empirical data, the study assesses the contribution of SEZs to GDP growth and foreign direct investment. The findings show that well-designed SEZs play an important role in economic diversification and technological progress. However, their long-term success depends on stable policies and close alignment with national development goals.
Keywords :
Favourable policies, export growth, investment attraction, regulatory framework, spill over effects, regulatory bottlenecks, environmental concern.
