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    Diversifying India’s Services Exports through SEZs: Status, Issues and the Way Forward

    Mukherjee, Arpita; Deb, Saubhik; Deora, Shreya; Goyal, Tanu M.; Bhardwaj, Bhavook | December 2015
    Abstract
    Services play a key role in enhancing competitiveness of manufacturing and establishing global value chains. Realising the importance of services, a number of countries such as China, Taiwan, Philippines and United Arab Emirates (UAE, Dubai) are focusing on special economic zones (SEZs) for services sectors. Moreover, the World Trade Organization (WTO) is yet to develop a discipline on subsidies in services, and therefore, it is easier to subsidise the services sectors rather than manufacturing. India’s growth in the post-liberalisation period has been propelled by the services sector and India enjoys a positive trade balance in services, as opposed to trade in goods. The services sector has the largest share in foreign investment. It is, therefore, prudent for the country to promote services SEZs to enhance exports, investment and employment. This paper focuses on how India can leverage on its strength of human resource and improve its global competitiveness through services-based SEZs. It discusses in details four sector-specific services SEZs, namely free trade warehousing zones (FTWZs), finance SEZs, power SEZs and aviation SEZs; that have been approved by the Department of Commerce, Ministry of Commerce and Industry. Further, given India’s export potential in audio-visual and business services, the paper also examines the possibilities of enhancing India’s services exports through creation of special services SEZs for these sectors. The paper presents the current status of these SEZs, identifies the barriers and makes policy recommendations on how to make such SEZs successful. The paper strongly recommends that SEZs can be used as a testbed for reforms in the services sectors.
    Citation
    Mukherjee, Arpita; Deb, Saubhik; Deora, Shreya; Goyal, Tanu M.; Bhardwaj, Bhavook. 2015. Diversifying India’s Services Exports through SEZs: Status, Issues and the Way Forward. © Indian Council for Research on International Economic Relations. http://hdl.handle.net/11540/11022.
    Keywords
    Free Trade
    Trade Facilitation
    Trade
    Economic integration
    Regional Economic Integration
    Intraregional Trade
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economic planning
    Economic structure
    Growth policy
    Trade relations
    Trade policy
    Economic development
    Economies in transition
    International economy
    Border integration
    Economic integration
    Gross domestic product
    Trade Regulations
    Exchange Rate
    Economic zones
    Protection
    Regional economics
    Economic forecasting
    Economic development projects
    Success in business
    Business
    Free trade
    Business
    Economics
    Communication in economic development
    Restraint of trade
    International economic integration
    Trade blocs
    East-West
    Exchange rates
    Economic Zones
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/11022
    Metadata
    Show full item record
    Thumbnail
    Working_Paper_312.pdf (700.4Kb)
    Author
    Mukherjee, Arpita
    Deb, Saubhik
    Deora, Shreya
    Goyal, Tanu M.
    Bhardwaj, Bhavook
    Theme
    Trade
    Economics

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