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Inclusive growth is an important objective of the development process. In this context, which of the following would amount to inclusive growth?
1. poverty reduction.
2. disinvestment.
3. good governance.
4. skill building.
  • a)
    1, 2 and 3 only
  • b)
    1 ,3 and 4 only
  • c)
    2 ,3 and 4 only
  • d)
    1 ,2, and 4 only ​
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Inclusive growth is an important objective of the development process....
Inclusive growth is a concept that advances equitable opportunities for economic participants during economic growth with benefits incurred by every section of society. Disinvestment is reducing the government ownership in public sector enterprises. It is not in any way related to inclusive growth. The rest three helps in inclusive growth.
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Most Upvoted Answer
Inclusive growth is an important objective of the development process....
Understanding Inclusive Growth
Inclusive growth refers to economic growth that is distributed fairly across society and creates opportunities for all individuals, particularly the marginalized and disadvantaged groups. In this context, let’s analyze each option provided.
Poverty Reduction
- Poverty reduction is a fundamental aspect of inclusive growth.
- Lowering poverty levels ensures that more people can participate in and benefit from economic development.
Disinvestment
- Disinvestment typically refers to the process of selling off government-owned assets or shares in companies.
- While it can have economic implications, disinvestment does not inherently lead to inclusive growth, as it may not directly benefit the broader population or improve their economic conditions.
Good Governance
- Good governance encompasses transparency, accountability, and participation in decision-making.
- It is crucial for creating an environment where inclusive growth can thrive, as it ensures that policies are implemented effectively and equitably.
Skill Building
- Skill building is vital for empowering individuals, particularly the youth and unemployed, enhancing their employability and productivity.
- It directly contributes to inclusive growth by equipping people with the tools they need to participate in the economy.
Conclusion
Based on the analysis, the correct answer is option 'B' (1, 3, and 4 only) because:
- Poverty reduction, good governance, and skill building are all integral to fostering an inclusive growth environment.
- Disinvestment, while a financial strategy, does not necessarily facilitate inclusivity or address the needs of the disadvantaged.
Thus, options 1, 3, and 4 align well with the principles of inclusive growth.
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Inclusive growth is an important objective of the development process. In this context, which of the following would amount to inclusive growth?1. poverty reduction.2. disinvestment.3. good governance.4. skill building.a)1, 2 and 3 onlyb)1 ,3 and 4 onlyc)2 ,3 and 4 onlyd)1 ,2, and 4 only ​Correct answer is option 'B'. Can you explain this answer?
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