Analyse the factors that have contributed to India's inclusive economic growth in the past decade. (Answer in 150 words)

The 11th FYP emphasized on the aspect of Inclusive Growth while has been elaborated forward. It comprises a development regime where economic development goes parallelly with socio-economic development. Factors leading to Inclusive growth: (1) Universalization of education: ▶ By: RTE Act, 2005 - leads to better employment opportunities (2) Digitalization of economy: ▶ JAM Trinity led to opening of more than 50 crore bank accounts, leads to financial inclusion (3) Decline in multi-dimensional poverty: ▶ By: According to MPI 2024, India brought exit nearly 4100 million people out of

poverty in the decade 2001-2020. (4) Better health coverage: ▶ Under Ayushman Bharat, 5 lakh insurance coverage has brought down out of pocket expenditure from 60% to 39%. (5) Growth in MSME, Manufacturing, and agriculture: ▶ By: Government support to MSME through PM-Mudra, inclusion of lady workers in formal workforce. Other Government Initiatives to support Inclusive Growth: (1) PLI scheme (2) Export promotion scheme (3) SWAMITVA scheme (4) PM- Kvanidhi (5) Atmanirbhar National Research Foundation Inclusive growth is an all-encompassing phenomenon which can help India in achieving Vikhat Bharat © 2047