Question

What was the idea behind developing Special Economic Zones (SEZs) in India?
a) To attract foreign companies to invest in India. b) To earn foreign exchange
c) To make India financially stable
d) To make India a developed country

Answer 1

Answer:

c) To make India a developed country

Explanation:

SEZs in India were announced by the government in March 2000. To provide a stable economic environment for the promotion of Export-import of goods in a quick, efficient and hassle-free manner, Government of India enacted the SEZ Act, which received the assent of the President of India on June 23, 2005.