INCLUSIVE GROWTH

Mains Enrichment Cards 6th September 2023

Download PDF (English)

INCLUSIVE GROWTH : REVISION CARD

INTRODUCTION:

Definition Based	Inclusive growth refers to an economic growth that creates opportunities for all and distributes the dividends of increased prosperity fairly across society.
Growth & Inclusive Development	Indian economy has grown 10 times since 1991, however widening socio-economic inequalities, rural-urban divide, unemployment, high informalisation of labour (>90%), etc. has put India at lower end of Inclusive Development (WEF Index: Rank 62/72 nations).
Dimensions of Inclusive Growth	Intergenerational & intra-generational equity are two hands of ‘sustainable equity; that aims to counter inequality between the present and future generation one hand and between the rich and the poor of the present generation on the other.

FORMULA BY theIAShub

1) Education + Healthcare Access = ↑ Skilled Workforce + ↑ Productivity + ↑Economic Growth + ↓ Poverty & Inequality

2) Welare + Social Safety Nets = ↑ Resilience + ↓ Poverty Traps + ↓ Income Inequality

3) Gender Equality = ↑ Economic Contribution + ↓ Gender Discrimination + ↑ Diversity At Workplace + ↑ Upholding Human Rights

SPEECH BY PROMINENT PERSONALITIES (PM, PRESIDENT, UN OFFICIAL et. al)/RECOGNITION IF ANY:

Real Growth is not possible without Inclusiveness: PM Modi
Growth should be constant, sustained, and inclusive. It’s only meaningful if these three things are there: PM Modi
Inclusive growth is not a matter of choice. It is a matter of necessity, if we are to provide our teeming millions not just a reason to hope, but a real shot at a better life: Ex-PM Manmohan Singh

CURRENT DEVELOPMENT:

Budget 2023-24: Inclusive Growth is one of the SAPTRISHI; Mahila Samman Savings Certificate: small savings scheme introduced in budget 2023 to empower women.
Mahatma Gandhi Sarbat Vikas Yojna by Punjab govt for welfare of downtrodden citizen across state.

DATA/FACT:

Multidimensional Poverty in India

[MPI, UNDP, 2023]

KEYWORDS:

BODY: Sabka Saath, Sabka Vikas, Sabka Prayas, Sabka Vishwas; Bridging the Gap Between ‘India and Bharat’ Social Cleavages, Pushed to the periphery of society (Mute Bystanders, Invisible masses) etc.
CONCLUSION: From ‘Short-term wealth redistributive strategies’ to ‘long-term social development strategies’; From Unequal Progress to Equitable Development; From ‘Culture of exclusion’ to ‘Shield of Dignity’; 4 S Framework to improving people’s well-being: Sampannata (Enrichment), Surakshit Bhavishya (Social Security), Shreshtha Jeevan (Better Quality of life) and Saralta (Hassle Free existence);

COMMITTEES RECOMMENDATIONS/NATIONAL OR INTERNATIONAL REPORTS:

WORLD ECONOMIC FORUM: advocated Investments in Citizens’ Capabilities, in order to lift productivity; Upgrading national rules and institution relating to work; Increasing Investments in Labor-Intensive Economic sectors.
NITI AAYOG’s Strategy for New India @75: Rapid (9-10%), inclusive, clean, sustainable and formalized growth; utilize frontier technologies like AI, Blockchain etc. for inclusive and participatory development; Make Higher Education inclusive; Invest in Health infrastructure.

GOVT SCHEMES, POLICIES AND INITIATIVE:

Employment & Entrepreneurship: National Livelihood Mission, MGNREGA, Stand up India etc.
Financial Inclusion: Jan Dhan Yojana, Kisan Credit Cards, UPI, Project Financial Literacy
Universalising Healthcare: National health Mission, Ayushman Bharat, ICDS, Janani Suraksha Yojana etc
Education & Skill Development: NEP 2020, RTE, Sarva shiksha Abhiyan, PM-Kaushal Vikas Yojana, DESH-Stack e-portal
Inclusive agricultural growth: PM Kisan SAMPADA Yojana, PM Fasal Bima Yojana, National Livestock Mission, etc

EXAMPLES/CASE STUDIES:

Jaga Mission, Odisha: Transforming slums into liveable habitat
Kudumashree (SHG) Kerala: housing for poor, Low-cost sanitation, literacy centres etc.
Mukhya mantri Suposhan Abhiyan Chhattisgarh
Cluster-Based Approach to Saturate All Prime Minister Flagship Schemes in Dhalai (Tripura)
Vietnam: Lower Secondary Education for the Most Disadvantaged Regions Project - Enhanced access of ethnic minorities and girls to education, leading to greater social and economic inclusion.

CONCLUSION

To truly realise the goal of Inclusive growth, tackling 3 fronts - Economic (Poverty & Unemployment) + Social (Inequality) + Political (Will & Skill) will serve to put vulnerables at the heart of India’s growth story.
For Inclusive Growth, a ‘multidimensional approach’ through existing platforms including, infrastructure, human resources, and policy frameworks needs to be strengthened with along new digtal & technological innovations.