Inclusive growth strategies aim to link economic growth with reduction in poverty and inequality.
Poverty is a state or condition in which a person or community lacks the financial resources and essentials for a minimum standard of living. Inequality is the state of being unequal, especially in status, rights, or opportunities.
Inclusive growth strategies seek to ensure that the benefits of economic growth are shared by all members of society, regardless of their income, race, gender, or other factors. This can be done through a variety of policies and programs, such as investing in education and healthcare, providing job training and placement services, and expanding access to credit and financial services.
Inclusive growth is important because it can help to reduce poverty and inequality, improve social cohesion, and promote economic stability. It can also help to build a more sustainable future by investing in renewable energy and other environmentally friendly technologies.
Increased environmental sustainability, technological innovation, and foreign investment are all important goals, but they are not the primary focus of inclusive growth strategies. Inclusive growth strategies are designed to ensure that the benefits of economic growth are shared by all members of society, regardless of their income, race, gender, or other factors.