DMPQ- Inclusive growth should be the foundation of growth story of India. Comment on the salient features of Inclusive Growth of India.

Growth is said to be inclusive when it is distributed fairly across society and creates opportunities for all. Growth is inclusive when it  permeates evenly across all sectors, to every nook and corner of country and take all stakeholders along.

Salient features of Inclusive growth are as follows:

Equity-More opportunities are available to enable upward mobility for more people. All segments of society, especially poor or socially disadvantaged groups, are able to take advantage of these opportunities.

Growth– An economy is increasingly producing enough goods and services to enable broad gains in well-being and greater opportunity. Good job and work opportunities are growing and incomes are increasing, especially for the poor.

Stability- Individuals, communities, businesses and governments have a sufficient degree of confidence in their future and an increased ability to predict the outcome of their economic decisions.

Sustainability– Economic and social wealth is sustained over time, thus maintaining intergenerational well-being.

Participation– People are able to participate fully in economic life and have greater say over their future. People are able to access and participate in markets as workers, consumers and business owners.

 

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