SEZs and rational expectations (Indian Express via Yahoo! India News)

The debate on the losses or gains in revenue due to the special economic zone (SEZ) policy is tantamount to missing the wood for the trees. In any event, the debate on numbers is by itself subject to assumption-based opinions across a spectrum of economists, who may not always agree. Besides, it is too early to generate data to enable anyone to speak with conviction. Let us not fall into the trap ...