Abstract
The objectives of the study in a nutshell are as follows (1) To analyze the basic concept of SEZ in Indian Economy, (2) To analyze the impact of SEZ on Indian Economy, as a whole. (3) To find the impact of SEZ on Rural India. (4) To find the drawbacks, if there, of implementing SEZ in India. This study aims at examining the impact of Special Economic Zones (SEZs) on human development and poverty reduction in India. It identifies three channels through which SEZs address these issues: employment generation, skill formation (human capital development), and technology and knowledge upgradation. the relationship between poverty and employment lies in the extent to which income generated from employment permits workers and their dependants to obtain goods and services necessary to meet minimum needs. Poverty reduction thus calls for the creation of remunerative, regular and good-quality jobs in the labour market. SEZs, if promoted vigorously can therefore act as an initiator in the process of human development and poverty alleviation in India. The role of SEZs in human capital formation appears to be relatively limited. Most SEZ units impart on-the-job training to their workers. Keywords: Special Economic Zone (SEZ), local employment, Land ownership, Economic impacts.
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