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What do you understand by inclusive growth? Discuss the measures taken by the Government of India to achieve it.?
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What do you understand by inclusive growth? Discuss the measures taken...
Understanding Inclusive Growth
Inclusive growth refers to economic growth that is distributed fairly across society and creates opportunities for all segments of the population. It emphasizes equity, social inclusion, and sustainable development, ensuring that marginalized communities benefit from economic progress.
Measures Taken by the Government of India
The Government of India has implemented various measures to promote inclusive growth:
  • National Rural Employment Guarantee Act (MGNREGA): Provides at least 100 days of guaranteed wage employment in a financial year to every rural household, ensuring income security.
  • Pradhan Mantri Jan Dhan Yojana: Aims to provide universal access to banking facilities, enabling low-income families to open bank accounts, facilitating savings, and access to credit.
  • Deen Dayal Antyodaya Yojana: Focused on uplifting the poorest of the poor by providing skill development and self-employment opportunities.
  • Pradhan Mantri Awas Yojana: Aims to provide affordable housing to the urban poor, ensuring that everyone has access to a safe and secure home.
  • National Food Security Act: Ensures access to sufficient food at affordable prices for the underprivileged, enhancing nutritional security.
  • Skill India Mission: Focuses on equipping the youth with skills to enhance employability and promote entrepreneurship among marginalized sections.
  • Start-Up India Initiative: Encourages entrepreneurship among the youth, providing support and funding to start-ups, particularly in rural areas.

These measures collectively aim to ensure that the benefits of economic growth reach all sections of society, thereby promoting a more equitable and inclusive economic environment.
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Passage -1In recent times, India has grown fast not only compared to its own past but also in comparison with other nations. But there cannot be any room for complacency because it is possible for the Indian economy to develop even faster and also to spread the benefits of this growth more widely than has been done thus far. Before going into details of the kinds of micro-structural changes that we need to conceptualize and then proceed to implement, it is worthwhile elaborating on the idea of inclusive growth that constitutes the defining concept behind this Governments various economic policies and decisions. A nation interested in inclusive growth views the same growth differently depending on whether the gains of the growth are heaped primarily on a small segment or shared widely by the population. The latter is cause for celebration but not the former. In other words, growth must not be treated as an end in itself but as an instrument for spreading prosperity to all. Indias own past experience and the experience of other nations suggests that growth is necessary for eradicating poverty but it is not a sufficient condition. In other words, policies for promoting growth need to be complemented with policies to ensure that more and more people join in the growth process and, further, that there are mechanisms in place to redistribute some of the gains to those who are unable to partake in the market process and, hence, get left behind.A simple way of giving this idea of inclusive growth a sharper form is to measure a nations progress in terms of the progress of its poorest segment, for instance the bottom 20 per cent of the population. One could measure the per capita income of the bottom quintile of the population and also calculate the growth rate of income; and evaluate our economic success in terms of these measures that pertain to the poorest segment. This approach is attractive because it does not ignore growth like some of the older heterodox criteria did. It simply looks at the growth of income of the poorest sections of the population. It also ensures that those who are outside of the bottom quintile do not get ignored. If that were done, then those people would in all likelihood drop down into the bottom quintile and so would automatically become a direct target of our policies. Hence the criterion being suggested here is a statistical summing up of the idea of inclusive growth, which, in turn, leads to two corollaries: to wish that India must strive to achieve high growth and that we must work to ensure that the weakest segments benefit from the growth.Q.The author supports policies which will help

Direction 8 for the following 5 (fiv e) items: Read the following two passages and answer the items that follow- each passage. Your answers to these items should be based on the passages only.Passage -1In recent times, India has grown fast not only compared to its own past but also in comparison with other nations. But there cannot be any room for complacency because it is possible for the Indian economy to develop even faster and also to spread the benefits of this growth more widely than has been done thus far. Before going into details of the kinds of micro-structural changes that we need to conceptualize and then proceed to implement, it is worthwhile elaborating on the idea of inclusive growth that constitutes the defining concept behind this Governments various economic policies and decisions. A nation interested in inclusive growth views the same growth differently depending on whether the gains of the growth are heaped primarily on a small segment or shared widely by the population. The latter is cause for celebration but not the former. In other words, growth must not be treated as an end in itself but as an instrument for spreading prosperity to all. Indias own past experience and the experience of other nations suggests that growth is necessary for eradicating poverty but it is not a sufficient condition. In other words, policies for promoting growth need to be complemented with policies to ensure that more and more people join in the growth process and, further, that there are mechanisms in place to redistribute some of the gains to those who are unable to partake in the market process and, hence, get left behind.A simple way of giving this idea of inclusive growth a sharper form is to measure a nations progress in terms of the progress of its poorest segment, for instance the bottom 20 per cent of the population. One could measure the per capita income of the bottom quintile of the population and also calculate the growth rate of income; and evaluate our economic success in terms of these measures that pertain to the poorest segment. This approach is attractive because it does not ignore growth like some of the older heterodox criteria did. It simply looks at the growth of income of the poorest sections of the population. It also ensures that those who are outside of the bottom quintile do not get ignored. If that were done, then those people would in all likelihood drop down into the bottom quintile and so would automatically become a direct target of our policies. Hence the criterion being suggested here is a statistical summing up of the idea of inclusive growth, which, in turn, leads to two corollaries: to wish that India must strive to achieve high growth and that we must work to ensure that the weakest segments benefit from the growth.Q. The authors central focus is on

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What do you understand by inclusive growth? Discuss the measures taken by the Government of India to achieve it.?
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