Inclusive Growth | Economy for UPSC 2024 (Pre & Mains) PDF Download

 Page 1


 
Inclusive 
Growth 
(Economy) 
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our YouTube channel for entire GS Course  FREE  of cost 
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Page 2


 
Inclusive 
Growth 
(Economy) 
Visit our website www.sleepyclasses.com or  
our YouTube channel for entire GS Course  FREE  of cost 
Also Available: Prelims Crash Course || Prelims T est Series 
1. What is Inclusive Growth? 1 ....................................................................
2. Elements 1 .......................................................................................................
1. Social Inclusion 1 .................................................................................................
2. Economic Inclusion 1 .........................................................................................
3. Regional Inclusion 1 ...........................................................................................
4. Financial Inclusion 1 ..........................................................................................
5. Digital Inclusion 1 ...............................................................................................
6. Environmental Inclusion 1 ................................................................................
3. Aren’t we confusing IG with Development? 2 ..................................
But we have been doing all this since our First 5 Year Plan, No? 2 ....................
4. What is the current scenario like? 2 ......................................................
5. Types of Disparities Prevalent in India 2 .............................................
Income Disparity 2 .........................................................................................................
Regional Disparity 2 ......................................................................................................
7. Demographic Dividend 3 ..........................................................................
As per UN population fund 3 .......................................................................................
8. Poverty 3 ..........................................................................................................
9. Employment 3 ................................................................................................
10. So, What is being done for the same? 3 ...............................................
Environment Protection 3 ............................................................................................
Social disparities 4 ..........................................................................................................
Urban & Rural divide 4 ..................................................................................................
Agricultural development 4 .........................................................................................
Schemes for Inclusive growth that can be Quoted 4 .............................................
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T able of Contents
Page 3


 
Inclusive 
Growth 
(Economy) 
Visit our website www.sleepyclasses.com or  
our YouTube channel for entire GS Course  FREE  of cost 
Also Available: Prelims Crash Course || Prelims T est Series 
1. What is Inclusive Growth? 1 ....................................................................
2. Elements 1 .......................................................................................................
1. Social Inclusion 1 .................................................................................................
2. Economic Inclusion 1 .........................................................................................
3. Regional Inclusion 1 ...........................................................................................
4. Financial Inclusion 1 ..........................................................................................
5. Digital Inclusion 1 ...............................................................................................
6. Environmental Inclusion 1 ................................................................................
3. Aren’t we confusing IG with Development? 2 ..................................
But we have been doing all this since our First 5 Year Plan, No? 2 ....................
4. What is the current scenario like? 2 ......................................................
5. Types of Disparities Prevalent in India 2 .............................................
Income Disparity 2 .........................................................................................................
Regional Disparity 2 ......................................................................................................
7. Demographic Dividend 3 ..........................................................................
As per UN population fund 3 .......................................................................................
8. Poverty 3 ..........................................................................................................
9. Employment 3 ................................................................................................
10. So, What is being done for the same? 3 ...............................................
Environment Protection 3 ............................................................................................
Social disparities 4 ..........................................................................................................
Urban & Rural divide 4 ..................................................................................................
Agricultural development 4 .........................................................................................
Schemes for Inclusive growth that can be Quoted 4 .............................................
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T able of Contents 1. What is Inclusive Growth? 
• Including All in the Growth Story of the nation 
•
Inclusiveness is a concept that encompasses 
?equity, 
?equality of opportunity, and  
?protection in market and employment. 
• Inclusive growth promotes economic and sustainable development by increasing the participation of 
people with a stake in process of economic development. 
• A lack of Inclusive growth results in inequalities, which has its own social rami?cations. 
2. Elements 
1. Social Inclusion 
•
Aim to empower poor and marginalised section of the society. 
• It is both an outcomes and process of improving the term on which people take part is society based 
activities. 
2. Economic Inclusion 
•
Refers to opening of Economic activities and opportunities to disadvantaged sections. 
• It is considered integral to development and thus lead to economic growth. 
3. Regional Inclusion 
•
Fruits of high economic growth did not reach semi urban, rural tribal lands. 
• Haphazard growth process mainly bene?tted only metropolitans, having out distant hinterlands of 
India. 
4. Financial Inclusion 
•
Delivery of ?nancial services at affordable costs to sections of disadvantage and low income groups of 
society. 
•
Even after 2 decades of ?nancial and banking sector reforms, nearly 60% of Indian Population did not 
had a bank account and 90% of small business had no link with formal ?nancial sector. 
• For this gov. started PM Jan Dhan Yojana. 
5. Digital Inclusion 
6. Environmental Inclusion 
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 1
Page 4


 
Inclusive 
Growth 
(Economy) 
Visit our website www.sleepyclasses.com or  
our YouTube channel for entire GS Course  FREE  of cost 
Also Available: Prelims Crash Course || Prelims T est Series 
1. What is Inclusive Growth? 1 ....................................................................
2. Elements 1 .......................................................................................................
1. Social Inclusion 1 .................................................................................................
2. Economic Inclusion 1 .........................................................................................
3. Regional Inclusion 1 ...........................................................................................
4. Financial Inclusion 1 ..........................................................................................
5. Digital Inclusion 1 ...............................................................................................
6. Environmental Inclusion 1 ................................................................................
3. Aren’t we confusing IG with Development? 2 ..................................
But we have been doing all this since our First 5 Year Plan, No? 2 ....................
4. What is the current scenario like? 2 ......................................................
5. Types of Disparities Prevalent in India 2 .............................................
Income Disparity 2 .........................................................................................................
Regional Disparity 2 ......................................................................................................
7. Demographic Dividend 3 ..........................................................................
As per UN population fund 3 .......................................................................................
8. Poverty 3 ..........................................................................................................
9. Employment 3 ................................................................................................
10. So, What is being done for the same? 3 ...............................................
Environment Protection 3 ............................................................................................
Social disparities 4 ..........................................................................................................
Urban & Rural divide 4 ..................................................................................................
Agricultural development 4 .........................................................................................
Schemes for Inclusive growth that can be Quoted 4 .............................................
www.YouTube.com/SleepyClasses 
www.SleepyClasses.com 
T able of Contents 1. What is Inclusive Growth? 
• Including All in the Growth Story of the nation 
•
Inclusiveness is a concept that encompasses 
?equity, 
?equality of opportunity, and  
?protection in market and employment. 
• Inclusive growth promotes economic and sustainable development by increasing the participation of 
people with a stake in process of economic development. 
• A lack of Inclusive growth results in inequalities, which has its own social rami?cations. 
2. Elements 
1. Social Inclusion 
•
Aim to empower poor and marginalised section of the society. 
• It is both an outcomes and process of improving the term on which people take part is society based 
activities. 
2. Economic Inclusion 
•
Refers to opening of Economic activities and opportunities to disadvantaged sections. 
• It is considered integral to development and thus lead to economic growth. 
3. Regional Inclusion 
•
Fruits of high economic growth did not reach semi urban, rural tribal lands. 
• Haphazard growth process mainly bene?tted only metropolitans, having out distant hinterlands of 
India. 
4. Financial Inclusion 
•
Delivery of ?nancial services at affordable costs to sections of disadvantage and low income groups of 
society. 
•
Even after 2 decades of ?nancial and banking sector reforms, nearly 60% of Indian Population did not 
had a bank account and 90% of small business had no link with formal ?nancial sector. 
• For this gov. started PM Jan Dhan Yojana. 
5. Digital Inclusion 
6. Environmental Inclusion 
www.YouTube.com/SleepyClasses 
www.SleepyClasses.com 
 1
3. Aren’t we confusing IG with Development? 
• Not exactly. Inclusive Growth and development point to similar ideas. 
•
Which is nothing but of not leaving anyone behind as the nation or a society or an economy march on. 
• That is, the fruits of progress are shared by all. 
But we have been doing all this since our First 5 Year Plan, No? 
•
Though India, through various 5-Year Plans and otherwise, attempted to grow by including every 
section of society, yet after so many years of independence we could not ful?l our dream of inclusive 
growth. 
•
The emphasis reached its pinnacle in 11th 5-year Plan which envisaged Inclusive Growth and 12th 5-
Year Plan which went for Faster, sustainable and more Inclusive growth. 
4. What is the current scenario like? 
•
Two decades of economic growth have made India one of the world’s fastest growing economies, 
through the Indian growth story has been one of the highest GDP growth, but it has been mainly due 
to growth in service sector. 
•
Thus, not all sectors of the economy have grown at relatively same pace resulting in - 
?Poverty 
?Jobless growth 
?Marginal agricultural productivity 
?Poor educations outcomes 
?Inadequate health services 
?Social inequalities 
?Rural–Urban divide 
?Imbalanced regional development. 
5. Types of Disparities Prevalent in India 
Income Disparity 
• As per Oxfam report, nearly 1% of Indians own staggering 58% of country’s wealth which is higher 
than global average of 50%. 
• An estimated 90% of Indian workforce is engaged in informal or unorganised Sector, workers in this 
sector have virtually no social security. 
Regional Disparity 
• Inter-state and Intra-state disparities still continue to exist in India. 
www.YouTube.com/SleepyClasses 
www.SleepyClasses.com 
 2
Page 5


 
Inclusive 
Growth 
(Economy) 
Visit our website www.sleepyclasses.com or  
our YouTube channel for entire GS Course  FREE  of cost 
Also Available: Prelims Crash Course || Prelims T est Series 
1. What is Inclusive Growth? 1 ....................................................................
2. Elements 1 .......................................................................................................
1. Social Inclusion 1 .................................................................................................
2. Economic Inclusion 1 .........................................................................................
3. Regional Inclusion 1 ...........................................................................................
4. Financial Inclusion 1 ..........................................................................................
5. Digital Inclusion 1 ...............................................................................................
6. Environmental Inclusion 1 ................................................................................
3. Aren’t we confusing IG with Development? 2 ..................................
But we have been doing all this since our First 5 Year Plan, No? 2 ....................
4. What is the current scenario like? 2 ......................................................
5. Types of Disparities Prevalent in India 2 .............................................
Income Disparity 2 .........................................................................................................
Regional Disparity 2 ......................................................................................................
7. Demographic Dividend 3 ..........................................................................
As per UN population fund 3 .......................................................................................
8. Poverty 3 ..........................................................................................................
9. Employment 3 ................................................................................................
10. So, What is being done for the same? 3 ...............................................
Environment Protection 3 ............................................................................................
Social disparities 4 ..........................................................................................................
Urban & Rural divide 4 ..................................................................................................
Agricultural development 4 .........................................................................................
Schemes for Inclusive growth that can be Quoted 4 .............................................
www.YouTube.com/SleepyClasses 
www.SleepyClasses.com 
T able of Contents 1. What is Inclusive Growth? 
• Including All in the Growth Story of the nation 
•
Inclusiveness is a concept that encompasses 
?equity, 
?equality of opportunity, and  
?protection in market and employment. 
• Inclusive growth promotes economic and sustainable development by increasing the participation of 
people with a stake in process of economic development. 
• A lack of Inclusive growth results in inequalities, which has its own social rami?cations. 
2. Elements 
1. Social Inclusion 
•
Aim to empower poor and marginalised section of the society. 
• It is both an outcomes and process of improving the term on which people take part is society based 
activities. 
2. Economic Inclusion 
•
Refers to opening of Economic activities and opportunities to disadvantaged sections. 
• It is considered integral to development and thus lead to economic growth. 
3. Regional Inclusion 
•
Fruits of high economic growth did not reach semi urban, rural tribal lands. 
• Haphazard growth process mainly bene?tted only metropolitans, having out distant hinterlands of 
India. 
4. Financial Inclusion 
•
Delivery of ?nancial services at affordable costs to sections of disadvantage and low income groups of 
society. 
•
Even after 2 decades of ?nancial and banking sector reforms, nearly 60% of Indian Population did not 
had a bank account and 90% of small business had no link with formal ?nancial sector. 
• For this gov. started PM Jan Dhan Yojana. 
5. Digital Inclusion 
6. Environmental Inclusion 
www.YouTube.com/SleepyClasses 
www.SleepyClasses.com 
 1
3. Aren’t we confusing IG with Development? 
• Not exactly. Inclusive Growth and development point to similar ideas. 
•
Which is nothing but of not leaving anyone behind as the nation or a society or an economy march on. 
• That is, the fruits of progress are shared by all. 
But we have been doing all this since our First 5 Year Plan, No? 
•
Though India, through various 5-Year Plans and otherwise, attempted to grow by including every 
section of society, yet after so many years of independence we could not ful?l our dream of inclusive 
growth. 
•
The emphasis reached its pinnacle in 11th 5-year Plan which envisaged Inclusive Growth and 12th 5-
Year Plan which went for Faster, sustainable and more Inclusive growth. 
4. What is the current scenario like? 
•
Two decades of economic growth have made India one of the world’s fastest growing economies, 
through the Indian growth story has been one of the highest GDP growth, but it has been mainly due 
to growth in service sector. 
•
Thus, not all sectors of the economy have grown at relatively same pace resulting in - 
?Poverty 
?Jobless growth 
?Marginal agricultural productivity 
?Poor educations outcomes 
?Inadequate health services 
?Social inequalities 
?Rural–Urban divide 
?Imbalanced regional development. 
5. Types of Disparities Prevalent in India 
Income Disparity 
• As per Oxfam report, nearly 1% of Indians own staggering 58% of country’s wealth which is higher 
than global average of 50%. 
• An estimated 90% of Indian workforce is engaged in informal or unorganised Sector, workers in this 
sector have virtually no social security. 
Regional Disparity 
• Inter-state and Intra-state disparities still continue to exist in India. 
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 2
• Low growth rates and poor public services in poorer states further widen the disparity in 
development. 
• This can also be attributed to poor governance. 
7. Demographic Dividend 
As per UN population fund 
•
The Economic growth potential that can result from shift in a population age structure, mainly when 
the share of working age population (15 – 64), is larger than non working share of population. 
8. Poverty 
• According to recent Human Development reports of United Nations, almost 30% Indian are still poor. 
•
Multidimensional Poverty index (MDI) estimates more than 50% Indian are poor on in one way or 
another. 
9. Employment 
•
India is struggling with the high rate of unemployment. 
• Poverty can only be reduced by providing employment to people. 
• Majority of Indian population is working in informal sector. 
•
Inclusive growth can only be achieved by providing formal work to this workforce. 
10. So, What is being done for the same? 
• Government has started many initiatives like, MNREGA, National Rural Livelihood Mission to provide 
work in rural areas, Skill India Mission to provide industry related skills to workers etc, to reduce the 
poverty. 
• Issues of lack of proper implementation and lack of awareness in public still persist in India. 
•
Government is running schemes like National Apprenticeship promotion Scheme for skill 
improvement, PM employment generation program for employment generation. 
Environment Protection 
•
Inclusive growth can only be achieved if we plan our economical development in consonance with our 
environment. 
• Due to heavy demand we are over exploiting our natural resources. Though we have many Acts to 
protect our environment like Environment Protection Act 1986, Water (Prevention and control of 
pollution) Act, 1974 etc. 
•
But due to lack of proper implementation our environment is continues degrading. 
• Polluted water bodies, Forest degradation, rising temperature, uncontrolled mining activities etc. are 
degrading our environment. 
•
So, what is being done for the same? 
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 3