( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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IMPORTANCE OF INCLUSIVE GROWTH - TO ACHIEVE SUSTAINABLE ECONOMIC DEVELOPMENT IN INDIA

    1 Author(s):  JYOTI KUMARI SHARMA

Vol -  11, Issue- 6 ,         Page(s) : 260 - 281  (2020 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Inclusive growth is a concept that advances equitable opportunities for economic participants during economic growth with benefits incurred by every section of the society. Inclusive growth refers to the responsible, equitable, sustainable as well as just distribution of both wealth and welfare, with social unity and human dignity heading towards human development with social justice. Under this, economic growth should always follow the equitable distribution of all socio-economic resources with sustainability. Thus, the vision of inclusiveness is not just the removal of poverty, but also is to encompass equality of opportunity as well as economic and social mobility for all sections of society, keeping pace with the rapid global changes. Accordingly, the process of inclusive growth strategy is important, to promote peaceful societies with inclusiveness and access to justice heading towards revitalization of global partnership in the process of economic development. It is always found that India represents a paradoxical dynamic economy, accompanied with high economic growth followed by an increase in inequality, poverty and regional imbalances. The reason found for this is lack of minimum income with other basic facilities for a large chunk of its population. Following these features of inclusive growth strategy with reference to its need in Indian economy, a study with respective statistical analysis is made in this paper, describing the IMPORTANCE OF INCLUSIVE GROWTH IN INDIA.

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