Inclusive growth is both a process and an outcome, ensuring that everyone has access to the benefits of economic growth. Discuss in Indian context.
Main Body
Inclusive growth is defined by UNDP as a process of growth that entails participation from all sections leading to participative and collaborative growth outcomes. Inclusive Growth as a Process & Outcome: Process: 1) Inclusion of all communities of society eg National Schemes, Udaar 2) Gender equality and SDG-5 eg SITRAN scheme for STEM for women 3) Focus on multidimensional aspect of poverty eg MPI went from 1997 to 1112 (2020) 4) Health and education focus for social development eg Ayushman Bharat scheme Outcome: 1) Universalization of all services eg Ujjwala and Swarath Bharat - Tablets (Saubhagya scheme, 100% electrification) 2) Focus on outcome-based monitoring eg Output-Outcome Judgeting by NITI Aayog 3) Goal based scheme formulation eg JAM trinity for financial inclusion 4) Social security for all eg PM Shram Yogi Mandhan The need of the time is to promote the inclusion of all in spirit of Sarvodaya for ek Bharat Shreshth Bharat.
Aditya Talwar
Economic Development
Inclusive Growth & Issues Arising From It
Inclusive Growth as Process and Outcome
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