Special Economic Zones (SEZs) are examples of such regions, established with distinct economic regulations to promote exports, generate employment, and attract domestic and foreign investment. The differential laws are designed to make the region globally competitive for business and investment.
Certain geographical regions in a country may have economic laws different from the country’s typical economic laws. Which one of the following could be the reason for allowing the differences in economic laws for particular geographical regions?
Asked in UPSC Geoscientist 2021 · Topic: Nature of Indian Economy (Developing Economy Characteristics)
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