India needs to copy China better

There are more than 200 SEZs in India, but the results have been underwhelming

PHOTO: AFP

(BLOOMBERG) - If India reforms only when under pressure, then now should be a moment for big changes: Gross domestic product (GDP) contracted nearly 24 per cent in the second quarter, more than any other large economy; tens of millions have lost jobs in the formal and informal sectors; and the country is adding more than 85,000 confirmed coronavirus cases each day.

There's an obvious place for the government to start too: Fixing India's failed special economic zones (SEZs).

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