Inclusive Growth
Definition: A growth process that ensures equal access to opportunities for all segments of society regardless of their individual circumstances.
Thus, inclusive growth is about providing the poor with a starting point that can enable them to enjoy the fruitfulness of economic growth.
How to achieve inclusive growth?
Growth accelerators ( strategies for growth) + Equalizing accelerators which make the growth more equitable and thus, more inclusive.
Source: World Bank Development Policy Review
Planning Commission keeps talking of this but it unfortunately continues its primary focus on providing impetus to “growth” ( fixing a target of achieving 9 per cent GDP growth), but adopts no methodologies to measure and monitor “inclusive growth”. If the Planning Commission is indeed serious and honest about “inclusive growth” then it should also fix targets for Gini coefficient, HDI and other such measures also. Otherwise it would appear that “inclusive growth” is being used more as a slogan for effect than a parameter for the planning process.
What else you think measures inclusive growth?
Posted on January 9, 2013, in General Studies and tagged Economy, Interview (Only). Bookmark the permalink. 1 Comment.
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chandank787
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gender inequality index and environmental sustainability index.. ( WIki says “Inclusive growth by its very definition implies an equitable allocation of resources with benefits incurred to every section of the society. But the allocation of resources must be focused on the intended short and long term benefits of the society such as availability of consumer goods, people access” – So Environmental sustainability index can also be a indicator to judge how inclusive growth is,)