Analyse the factors that have contributed to India's inclusive economic growth in the past decade. (Answer in 150 words)
Main Body
Approx. 450 million Indians came out of Multidimensional poverty in last 11 years as per UNDP Report. Factors Contributed India's Inclusive Growth 1. Empowerment of Marginalized through integration in digital and global models eg. Tribals through PMAY and Jammer. 2. Digital and Financial revolution - UPI crossed 60% women beneficiaries in PM dan Yojana. 3. Agricultural export inclusivity eg. in Sampada Yojana and food processing priority given in exports in FY24. 4. Income-support for small farmers => PM KISAN, Kissan credit card. 5. MSME led growth - SFURTI, e-Samadhan and SJEDL for credit, technology and facilitative government.
6. Formalization of economy - 85 crore new EPFO subscribers in last 11 years (NTIS Aayog). 7. Production linked incentive PLI in textiles, electronics, etc. 8. Environmental conscious development eg MGNREGA, Amrit Dharohar Scheme. Inclusive Economic Growth (diagram showing interconnections): - Inclusive economic growth connects to: Social cohesion, Economic growth, Ecological stability - Links to: Wheat Bharat & Atmanirbhar Bharat Challenges Remain: 1. Low female labour force participation (37% LFPs) 2. 44% STs below poverty line (Census 2011) 3. Exclusion Indusen cross. Despites these challenges, HCES accounted that India's Gini Coefficient declined from 0.31 in 2014 to 0.23 in 2024.
Diagram
Diagram showing interconnections between inclusive economic growth, social cohesion, economic growth, and ecological stability, with links to Wheat Bharat and Atmanirbhar Bharat
Simrandeep Kaur
Economic Development
Inclusive Growth & Issues Arising From It
Factors contributing to inclusive economic growth
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Paragraphs
analytical
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