Special SEZs for Services: India’s Experiences and the Way Forward
Globally, countries are focusing on services SEZs, since services play a key role in establishing GVCs and the WTO is yet to develop a discipline on subsidies in services. India’s growth has been propelled by the services sector, and India enjoys a positive trade balance in services, as opposed to trade in goods. It is, therefore, prudent for the country to promote services SEZs to enhance exports and create employment. The chapter focuses on some sector-specific services SEZs, which have been approved, and some potential services SEZs, which India can experiment with. The chapter recommends how to diversify the export base and create employment by supporting such SEZs through the right policies.