Inclusive Growth - Indian Economy UPSC Mains Answer

Inclusive Growth: A Pathway to Sustainable Development Introduction Inclusive growth ensures that the benefits of economic progress are equitably shared among all sections of society, including marginalized and vulnerable groups. It focuses on reducing poverty, improving livelihoods, and promoting equality. As per the World Bank, inclusive growth is crucial for reducing disparities in developing economies like India. Importance of Inclusive Growth Economic Equality : Reduces the gap between rich and poor, ensuring equitable wealth distribution. Social Justice : Uplifts underprivileged groups, fostering harmony and stability. Sustainable Development : Encourages long-term economic progress by ensuring all sections contribute and benefit. Human Development : Enhances access to quality education, healthcare, and social security, improving the Human Development Index (HDI). Challenges to Inclusive Growth in India Regional Disparities : Uneven development between urban and rural areas. Jobless Growth : T…