Impact of Special Economic Zone on the Socio-Economic Aspects of Employees

Author:Iti Guptaa*, Sakshi Varshneyb

Abstract:
Special economic zones (SEZs) concept has evolved across the globe and several developing countries have adopted this policy for set-up of industrial zones that focus on exports and helps in generating economic opportunity and able to improve socio-economic condition of employees. So SEZs can be explained as such an area which has single window clearance system, less complicated administrative unit and provide a large number of employments. So objective behind this paper is to evaluate the role of SEZs on the socio-economic aspects of employees in terms of generation of employment. To fulfill the objective data related to employment and socio-economic indicators from SEZs are collected from different sources like Ministry of Commerce and Industries, Economic Survey of India and official website of SEZ. These data has been organized and analysed with the help of SPSS to show the change in the performance of SEZs. It is found in the study that SEZs helps in generation of employment and makes the life of employees better. At the present scenario, more than one lac people is working in Noida Special Economic Zone, and export output from SEZs in 2016-17 was Rs. 117364.60 million which is 0.5% of total export from India.

Keywords:Keywords: Special Economic Zone (SEZ); Employment, Socio-Economic condition of Employees.

DOI:10.46333/IIARTC.8.2.2020.7

International Journal of Trade & Commerce (Vol: 8 Issue:2)