Inclusive growth as enunciated in the Eleventh Five Year Plan does not include which one of the following?a)Reduction of povertyb)Extension of employment opportunitiesc)Reduction of gender inequalityd)Strengthening of capital marketCorrect answer is option 'D'. Can you explain this answer?

Question

Answer

Inclusive Growth and Eleventh Five Year Plan

Inclusive growth is a concept that aims to promote economic growth while ensuring that the benefits of that growth are distributed fairly across society. It is an approach that seeks to address issues such as poverty, unemployment, and social inequality.

The Eleventh Five Year Plan (2007-2012) was the first plan to explicitly focus on inclusive growth as a central objective. The plan aimed to achieve a growth rate of 9% per annum and to make growth more inclusive by reducing poverty, extending employment opportunities, reducing gender inequality, and strengthening social infrastructure.

However, the plan did not include the strengthening of the capital market as one of its objectives. This may be because the capital market is seen as a tool for promoting growth rather than as an end in itself. Moreover, the focus on inclusive growth may have been seen as incompatible with a narrow focus on strengthening the capital market, which may benefit only a small segment of society.

Conclusion

Inclusive growth is an important concept that seeks to promote economic growth while ensuring that the benefits of that growth are distributed fairly across society. The Eleventh Five Year Plan was the first plan to explicitly focus on inclusive growth as a central objective. While the plan aimed to reduce poverty, extend employment opportunities, and reduce gender inequality, it did not include the strengthening of the capital market as one of its objectives.

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