25-April-2024
Economy News
 
India needs to copy China better when it comes to running successful SEZs
26-Sep-2020

If India only reforms when under pressure, then now should be a moment for big changes: Gross domestic product contracted nearly 24% in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding over 85,000 confirmed coronavirus cases each day. There’s an obvious place for the government to start, too: fixing India’s failed special economic zones. China, of course, pioneered the idea of testing politically difficult economic and legal reforms in a few such areas before rolling them out more widely.

News Source:- https://www.business-standard.com/article/economy-policy/india-needs-to-copy-china-better-when-it-comes-to-running-successful-sezs-120092600157_1.html