Dr. Jagdish N Bhagwati, Professor of Economics and Law at the Columbia Business School in New York has said that, their is no need for SEZs in India.He said,
"Give the current progress in reforms undertaken in earnest since 1991, there is no need to establish SEZs. It made sense to have SEZs in the pre-reform era when policies of the country as a whole could not be tweaked. That period warranted the setting aside of certain exclusive economic zones with low trade barriers and other favourable policies to enhance growth"
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