<<–2/”>a >a href=”https://exam.pscnotes.com/inclusive-Growth-3/”>Inclusive Growth is economic growth that creates opportunity for all segments of the Population and distributes the dividends of increased prosperity, both in monetary and non-monetary terms, fairly across Society.Indian Plans after the independence were based on the downward infiltration theory, which failed to bring equitable growth to all the sections of the Indian Society.
Approach paper of 11th five year plan talked about “Inclusive and more faster growth” through bridging divides by including those in growth process who were excluded. Divide between above and Below POVERTY Line, between those with productive jobs and those who are unemployed or grossly unemployed is at alarming stage.
Liberalization-2/”>Liberalization and Privatization after 1990’s have brought the nation out of the hindu growth rate syndrome but the share of growth has not been equitably distributed amongst different sections of Indian Society.
Various dimensions of Inclusive growth are:-
- economic
- social
- financial
- environmental
Important issues that are needed to be addressed to achieve the inclusive growth are:-
- Poverty
- Unemployment
- Rural Infrastructure-2/”>INFRASTRUCTURE
- Financial Inclusion
- Balanced regional development
- Equality/”>Gender Equality
- Human resource development (Health, Education, Skill development)
- Basic Human Resources like sanitation, drinking water, housing etc.
Government has launched several programs and policies for Inclusive growth such as:-
- MNREGA
- Jan Dhan Yojna
- Atal Pension Yojna
- Skill India Mission
- Deen Dayal Upadhyaya Gram Jyoti Yojana
- Pradhan Mantri Suraksha Bima Yojana
- Pradhan Mantri Jeevan Jyoti Bima Yojana
- Sukanya Samridhi Yojana
- Pradhan Mantri Garib Kalyan Yojana
- Jan Aushadhi Yojana (JAY)
- Nai Manzil Scheme for minority students
- The Pradhan Mantri Awas Yojana (PMAY) or Housing for all by 2022
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Inclusive growth is a concept that emphasizes the need to ensure that all segments of society benefit from economic growth. It is based on the idea that economic growth should be equitable and sustainable, and that it should lead to improvements in the lives of all people, regardless of their income, social status, or geographic location.
The inclusive growth policy and strategy during the 11th Five Year Plan (2007-2012) focused on the following areas:
- agriculture and rural development: The government focused on increasing agricultural productivity, improving rural infrastructure, and providing access to credit and markets for farmers.
- Education and health: The government focused on increasing access to quality education and healthcare, especially for the poor and marginalized.
- Infrastructure Development: The government focused on developing physical infrastructure, such as roads, bridges, and power Plants, as well as social infrastructure, such as schools and hospitals.
- Social safety nets: The government focused on providing social safety nets to the poor and vulnerable, such as food subsidies, pensions, and unemployment benefits.
- EMPLOYMENT generation: The government focused on creating employment opportunities, especially for the youth.
- Micro, Small and Medium enterprises (MSMEs): The government focused on promoting MSMEs, which are important drivers of employment and economic growth.
The inclusive growth policy and strategy during the 12th Five Year Plan (2012-2017) focused on the following areas:
- Agriculture and rural development: The government continued to focus on increasing agricultural productivity, improving rural infrastructure, and providing access to credit and markets for farmers.
- Education and health: The government continued to focus on increasing access to quality education and healthcare, especially for the poor and marginalized.
- Infrastructure development: The government continued to focus on developing physical infrastructure, such as roads, bridges, and power plants, as well as social infrastructure, such as schools and hospitals.
- Social safety nets: The government continued to focus on providing social safety nets to the poor and vulnerable, such as food subsidies, pensions, and unemployment benefits.
- Employment generation: The government continued to focus on creating employment opportunities, especially for the youth.
- MSMEs: The government continued to focus on promoting MSMEs, which are important drivers of employment and economic growth.
- Skill development: The government focused on developing the skills of the workforce, especially the youth, to meet the needs of the economy.
- Innovation and Entrepreneurship: The government focused on promoting innovation and entrepreneurship, which are important drivers of economic growth.
- Climate change and Sustainable Development: The government focused on addressing Climate Change and promoting sustainable development.
The challenges and opportunities for inclusive growth in India include:
- Poverty and inequality: India is a country with a large population of poor people. The government has made significant progress in reducing poverty, but there is still a long way to go. Inequality is also a major problem in India. The gap between the rich and the poor is growing, and this is leading to social unrest.
- Lack of education and healthcare: India has a large population of people who do not have access to quality education and healthcare. This is a major obstacle to inclusive growth.
- Poor infrastructure: India’s infrastructure is in poor condition. This is a major obstacle to economic growth and development.
- Lack of employment opportunities: India has a large population of young people who are unemployed. This is a major challenge to inclusive growth.
- Gender inequality: Women in India face discrimination in many areas, including education, employment, and healthcare. This is a major obstacle to inclusive growth.
- Environmental Degradation: India is facing serious environmental problems, such as Air Pollution, Water Pollution, and deforestation. These problems are a major obstacle to inclusive growth.
- Climate change: India is one of the countries that is most vulnerable to the effects of climate change. This is a major challenge to inclusive growth.
Despite these challenges, there are also many opportunities for inclusive growth in India. These include:
- A large and growing population: India has a large and growing population. This is a potential asset for economic growth.
- A young and dynamic workforce: India has a young and dynamic workforce. This is a potential asset for economic growth.
- A rapidly growing economy: India’s economy is growing rapidly. This is a potential asset for inclusive growth.
- A strong Democracy: India is a strong democracy. This provides a foundation for inclusive growth.
- A vibrant civil society: India has a vibrant civil society. This can play a role in promoting inclusive growth.
- A favorable Investment climate: India has a favorable investment climate. This can attract investment and promote economic growth.
Conclusion
Inclusive growth is a key goal of the Indian government. The government has put in place a number of policies and programs to promote inclusive growth. However, there are still many challenges that need to be addressed in order to achieve inclusive growth. The
Inclusive growth is a development strategy that aims to create an economy that benefits everyone, regardless of their social or economic background. It is based on the idea that everyone should have the opportunity to participate in and benefit from economic growth.
The 11th Five Year Plan (2007-2012) and the 12th Five Year Plan (2012-2017) were both focused on inclusive growth. The 11th Plan set a target of reducing poverty by 20%, and the 12th Plan set a target of reducing poverty by 10%. Both plans also focused on improving education, health, and infrastructure, which are essential for inclusive growth.
There are a number of challenges to inclusive growth. One challenge is that the benefits of economic growth are often not shared equally. The rich tend to get richer, while the poor tend to stay poor. This is because the rich have more opportunities to invest in education, health, and other assets that can help them to increase their income.
Another challenge to inclusive growth is that the poor often lack access to basic Services such as education, health, and infrastructure. This can make it difficult for them to participate in the economy and improve their lives.
Despite these challenges, there are a number of things that can be done to promote inclusive growth. One important step is to invest in education and health. This will help to ensure that everyone has the opportunity to develop their skills and talents. It is also important to improve infrastructure, such as roads, bridges, and electricity. This will make it easier for people to get around and access jobs and markets.
Finally, it is important to create an Environment that is conducive to business investment. This means providing a stable political and economic environment, and ensuring that there is access to credit and other financial services.
By taking these steps, it is possible to promote inclusive growth and create an economy that benefits everyone.
Here are some frequently asked questions about inclusive growth:
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What is inclusive growth?
Inclusive growth is a development strategy that aims to create an economy that benefits everyone, regardless of their social or economic background. It is based on the idea that everyone should have the opportunity to participate in and benefit from economic growth. -
Why is inclusive growth important?
Inclusive growth is important because it helps to reduce poverty and inequality. It also helps to create a more stable and prosperous economy. -
How can inclusive growth be achieved?
Inclusive growth can be achieved through a number of policies, such as investing in education and health, improving infrastructure, and creating an environment that is conducive to business investment. -
What are the challenges to inclusive growth?
The challenges to inclusive growth include the fact that the benefits of economic growth are often not shared equally, the poor often lack access to basic services, and it can be difficult to create an environment that is conducive to business investment. -
What are the benefits of inclusive growth?
The benefits of inclusive growth include reduced poverty and inequality, a more stable and prosperous economy, and increased social cohesion.
- Inclusive growth is a development strategy that aims to create an economy that works for everyone, not just the wealthy few. It does this by focusing on policies that promote economic opportunity, social inclusion, and environmental sustainability.
- The 11th Five Year Plan (2007-2012) was the first plan to explicitly mention inclusive growth as a goal. The plan set out a number of policies and programs to promote inclusive growth, including:
- Investing in education and health care to improve the Quality Of Life for all Indians.
- Promoting employment generation and entrepreneurship to create more opportunities for people to earn a living.
- Reducing poverty and inequality by providing targeted assistance to the poor and marginalized.
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The 12th Five Year Plan (2012-2017) continued the focus on inclusive growth, with a number of new initiatives, including:
- The Pradhan Mantri Jan Dhan Yojana (PMJDY), a financial inclusion program that aims to provide basic Banking services to all Indians.
- The Pradhan Mantri Kaushal Vikas Yojana (PMKVY), a skill development program that aims to train 500 million Indians in new skills.
- The Pradhan Mantri Awas Yojana (PMAY), a housing for all program that aims to provide affordable housing to 20 million Indians.
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The following are some of the challenges to inclusive growth in India:
- Poverty: India is home to the world’s largest number of poor people. According to the World Bank, 21.9% of Indians lived below the Poverty Line in 2011.
- Inequality: India is one of the most unequal countries in the world. The top 1% of Indians own more than 50% of the country’s wealth.
- Lack of education and skills: Millions of Indians lack access to quality education and skills training. This makes it difficult for them to find good jobs and earn a decent living.
- Discrimination: Women, Dalits, and other marginalized groups face discrimination in India. This limits their opportunities for education, employment, and social mobility.
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The following are some of the initiatives that the government has taken to address the challenges to inclusive growth:
- The Pradhan Mantri Jan Dhan Yojana (PMJDY) is a financial inclusion program that aims to provide basic banking services to all Indians. This will help to reduce poverty and inequality by giving people access to financial resources.
- The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a skill development program that aims to train 500 million Indians in new skills. This will help to improve the employability of Indians and reduce unemployment.
- The Pradhan Mantri Awas Yojana (PMAY) is a housing for all program that aims to provide affordable housing to 20 million Indians. This will help to improve the quality of life for Indians and reduce poverty.
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The following are some of the benefits of inclusive growth:
- Increased economic growth: Inclusive growth can lead to increased economic growth by creating a more productive and dynamic economy.
- Reduced poverty and inequality: Inclusive growth can help to reduce poverty and inequality by providing opportunities for all Indians to improve their lives.
- Improved social cohesion: Inclusive growth can help to improve social cohesion by reducing social tensions and conflict.
- Increased environmental sustainability: Inclusive growth can help to increase environmental sustainability by promoting more efficient use of resources and less pollution.