Journal Press India^®

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Purpose: To study the application and impact of trickle-down economics in National Capital Region (NCR) of India.

Design/methodology/approach – The study tried to find out the close conceptual framework of trickle-down theory with economical policies of India through literature review. The study also focused on the economical growth and industrial development in NCR of India through physical observation method. It also posed open and closed-ended questions to find out the development of Special Economic Zones (SEZs) locations through survey method (self-designed questionnaire).

Findings – The concept of trickle-down economics was implemented in the post reform policies of India. Certain policies like development of SEZs were implemented with a vision to enhance the economical situation of the nation, establish advanced infrastructure, maintain good position in the international market, and generate more employment opportunities in India.

Research limitations – The size of the sample used in the study was very small. Only 50 people were included in this survey. Hence, the analysis was limited to just 50 respondents from Special Economic Zones of the National Capital Region of India. It includes the employees and local residents in between 18 to 50 years of age group. Hence, the nature of the entire population was not studied in the paper. The old age group, teenagers, and the illiterate group were not the part of this survey.

Practical implications – Such policies can enhance the economical growth and industrial development in the country, thereby establishing world class infrastructure facilities generating more employment opportunities. But, these policies lack opportunities for small scale industrial growth and participation of local villagers in the process of industrial and economical growth.

Originality/value –This is to certify that my research paper titled: “Application of Trickle-Down Theory in Economic Policies of India: A study of Industrial Innovation in National Capital Region” is my original research paper and is not copied from anywhere.

Keywords

Trickle-down Theory, Industrial Development, Economic Policies, Special Economic Zones

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