diff --git a/app/client/cypress/integration/Smoke_TestSuite/ClientSideTests/DisplayWidgets/Dropdown_spec.js b/app/client/cypress/integration/Smoke_TestSuite/ClientSideTests/DisplayWidgets/Dropdown_spec.js
index 1d550d9ca0..3d462ac092 100644
--- a/app/client/cypress/integration/Smoke_TestSuite/ClientSideTests/DisplayWidgets/Dropdown_spec.js
+++ b/app/client/cypress/integration/Smoke_TestSuite/ClientSideTests/DisplayWidgets/Dropdown_spec.js
@@ -8,9 +8,6 @@ describe("Dropdown Widget Functionality", function() {
   before(() => {
     cy.addDsl(dsl);
   });
-  beforeEach(() => {
-    cy.wait(7000);
-  });
 
   it("Add new dropdown widget", () => {
     cy.get(explorer.addWidget).click();
@@ -93,6 +90,50 @@ describe("Dropdown Widget Functionality", function() {
     cy.get(formWidgetsPage.dropdownDefaultButton).should("contain", "Blue");
   });
 
+  it("should check that special strings are parsed as string in default value", () => {
+    cy.openPropertyPane("selectwidget");
+    cy.updateCodeInput(
+      ".t--property-control-options",
+      `[{
+          "label": "Blue",
+          "value": "null"
+        },
+        {
+          "label": "Green",
+          "value": 100
+        },
+        {
+          "label": "Red",
+          "value": "120"
+        }]`,
+    );
+    cy.updateCodeInput(".t--property-control-defaultvalue", "null");
+    cy.get(".t--property-control-defaultvalue .t--codemirror-has-error").should(
+      "not.exist",
+    );
+    cy.get(formWidgetsPage.dropdownDefaultButton).should("contain", "Blue");
+
+    cy.openPropertyPane("selectwidget");
+    cy.updateCodeInput(".t--property-control-defaultvalue", "120");
+    cy.get(".t--property-control-defaultvalue .t--codemirror-has-error").should(
+      "not.exist",
+    );
+    cy.get(formWidgetsPage.dropdownDefaultButton).should("contain", "Red");
+
+    cy.openPropertyPane("selectwidget");
+    cy.updateCodeInput(".t--property-control-defaultvalue", "{{ 100 }}");
+    cy.get(".t--property-control-defaultvalue .t--codemirror-has-error").should(
+      "not.exist",
+    );
+    cy.get(formWidgetsPage.dropdownDefaultButton).should("contain", "Green");
+
+    cy.openPropertyPane("selectwidget");
+    cy.updateCodeInput(".t--property-control-defaultvalue", "{{ null }}");
+    cy.get(".t--property-control-defaultvalue .t--codemirror-has-error").should(
+      "exist",
+    );
+  });
+
   it("Dropdown Functionality To Check disabled Widget", function() {
     cy.openPropertyPane("selectwidget");
     // Disable the visible JS
diff --git a/app/client/src/widgets/SelectWidget/widget/index.test.tsx b/app/client/src/widgets/SelectWidget/widget/index.test.tsx
index 9d697ce970..6bc3a069e4 100644
--- a/app/client/src/widgets/SelectWidget/widget/index.test.tsx
+++ b/app/client/src/widgets/SelectWidget/widget/index.test.tsx
@@ -13,6 +13,32 @@ describe("defaultOptionValueValidation - ", () => {
       messages: [""],
     });
   });
+  it("should get tested with number", () => {
+    const testValues = [
+      [
+        "1",
+        {
+          isValid: true,
+          parsed: "1",
+          messages: [""],
+        },
+      ],
+      [
+        1,
+        {
+          isValid: true,
+          parsed: 1,
+          messages: [""],
+        },
+      ],
+    ];
+
+    testValues.forEach(([input, expected]) => {
+      expect(
+        defaultOptionValueValidation(input, {} as SelectWidgetProps, _),
+      ).toEqual(expected);
+    });
+  });
 
   it("should get tested with simple string", () => {
     const input = "green";
@@ -43,6 +69,40 @@ describe("defaultOptionValueValidation - ", () => {
       messages: [""],
     });
   });
+  it("should get tested with valid strings", () => {
+    const testValues = [
+      [
+        "undefined",
+        {
+          isValid: true,
+          parsed: "undefined",
+          messages: [""],
+        },
+      ],
+      [
+        "null",
+        {
+          isValid: true,
+          parsed: "null",
+          messages: [""],
+        },
+      ],
+      [
+        "true",
+        {
+          isValid: true,
+          parsed: "true",
+          messages: [""],
+        },
+      ],
+    ];
+
+    testValues.forEach(([input, expected]) => {
+      expect(
+        defaultOptionValueValidation(input, {} as SelectWidgetProps, _),
+      ).toEqual(expected);
+    });
+  });
 
   it("should get tested with invalid values", () => {
     const testValues = [
@@ -52,7 +112,7 @@ describe("defaultOptionValueValidation - ", () => {
           isValid: false,
           parsed: {},
           messages: [
-            `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`,
+            `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`,
           ],
         },
       ],
@@ -62,7 +122,7 @@ describe("defaultOptionValueValidation - ", () => {
           isValid: false,
           parsed: {},
           messages: [
-            `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`,
+            `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`,
           ],
         },
       ],
@@ -72,7 +132,7 @@ describe("defaultOptionValueValidation - ", () => {
           isValid: false,
           parsed: {},
           messages: [
-            `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`,
+            `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`,
           ],
         },
       ],
@@ -82,7 +142,7 @@ describe("defaultOptionValueValidation - ", () => {
           isValid: false,
           parsed: {},
           messages: [
-            `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`,
+            `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`,
           ],
         },
       ],
@@ -94,7 +154,7 @@ describe("defaultOptionValueValidation - ", () => {
           isValid: false,
           parsed: {},
           messages: [
-            `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`,
+            `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`,
           ],
         },
       ],
diff --git a/app/client/src/widgets/SelectWidget/widget/index.tsx b/app/client/src/widgets/SelectWidget/widget/index.tsx
index c59f561883..a06e690aad 100644
--- a/app/client/src/widgets/SelectWidget/widget/index.tsx
+++ b/app/client/src/widgets/SelectWidget/widget/index.tsx
@@ -11,12 +11,12 @@ import {
 import { EvaluationSubstitutionType } from "entities/DataTree/dataTreeFactory";
 import { MinimumPopupRows, GRID_DENSITY_MIGRATION_V1 } from "widgets/constants";
 import { AutocompleteDataType } from "utils/autocomplete/TernServer";
-import { findIndex, isArray, isNumber, isString } from "lodash";
+import { findIndex, isArray, isNumber, isString, LoDashStatic } from "lodash";
 
 export function defaultOptionValueValidation(
   value: unknown,
   props: SelectWidgetProps,
-  _: any,
+  _: LoDashStatic,
 ): ValidationResponse {
   let isValid;
   let parsed;
@@ -40,7 +40,10 @@ export function defaultOptionValueValidation(
    */
   if (typeof value === "string") {
     try {
-      value = JSON.parse(value);
+      const parsedValue = JSON.parse(value);
+      if (_.isObject(parsedValue)) {
+        value = parsedValue;
+      }
     } catch (e) {}
   }
 
@@ -53,7 +56,7 @@ export function defaultOptionValueValidation(
   } else {
     isValid = false;
     parsed = {};
-    message = `value does not evaluate to type: string | { "label": "label1", "value": "value1" }`;
+    message = `value does not evaluate to type: string | number | { "label": "label1", "value": "value1" }`;
   }
 
   return {