OBJECTIVE

• THE MAIN OBJECTIVES OF THE PROJECT ON INCLUSIVE GROWTH ARE:-

• TO UNDERSTAND AND TO KNOW THE PROBLEMS PREVAILING IN THE
INDIAN ECONOMY.
• TO ACQUIRE THE KNOWLEDGE OF THE BENEFITS OF INCLUSIVE
GROWTH STRATEGY
• TO STUDY THE CHANGES THAT IS NEEDED TO BE BROUGHT TO THE
INDIAN ECONOMY.
• TO KNOW THE STEPS TAKEN BY INDIA TO ACHIEVE INCLUSIVE
GROWTH.
INDEX

• INTRODUCTION
• NEED FOR INCLUSIVE GROWTH
• ELEMENTS OF INCLUSIVE GROWTH
• MEASURES TAKEN BY INDIA TO PROMOTE INCLUSIVE GROWTH
• NITI AAYOG’S STRATEGY FOR INCLUSIVE GROWTH IN INDIA
• CONCLUSION
• BIBLIOGRAPHY
INTRODUCTION
What is inclusive growth ???????????????????
• Inclusive growth refers both to the pace and pattern of growth, which
are considered interlinked, and therefore in need to be addressed
together. Inclusive growth is a concept that advances equitable
opportunities for economic participants during economic growth with
benefits incurred by every section of society.
• Inclusiveness – a concept that encompasses equality of opportunity,
and protection in market and employment transitions – is an essential
ingredient of any successful growth strategy.
• Indian economy is growing at a phenomenal rate. It is far from
reaching its true potential. The country remains shackled in
corruption, red tape, age old social barriers and a puzzling lack of
transparency. Growth is not uniform across sectors; and large cross-
sections of the populace remain outside its purview. Several social,
political and economic factors need to be tackled for sustaining a high
rate of growth, as well as to make this growth inclusive.
NEED FOR INCLUSIVE GROWTH
• Inclusive growth is necessary for sustainable development and
equitable distribution of wealth and prosperity . Achieving inclusive
growth is the biggest challenge in a country like India. In a democratic
country like India, bringing 600 million people living in rural India into
the mainstream is the biggest concern. The challenge is to take the
levels of growth to all section of the society and to all parts of the
country.
• India is the 7th major country by area and 2nd by population. It is the 12th largest
economy at market exchange rate. Yet, development is not visible in India and it’s
the neighborhood nation, i.e., China is progressing at speedy rate.
• The exclusion in terms of low agriculture growth, low quality employment growth,
low human development, rural-urban divides, gender and socialine qualities, and
regional disparities etc. are the problems for the nation.
• Decreasing of poverty and other disparities and raising of economic growth are
major objectives of the nation through inclusive growth.
• Political leadership in the country plays a vital role in the overall development of the
country. But, the study has found that politicians in India have a very low level of
scientific literacy.
• Studies assessed that the cost of corruption in India amounts to over 10% of GDP.
Corruption is one of the ills that prevent inclusive growth.
• Though child labour has been banned by the law in India and there are stringent
provisions to deter this inhuman practice. Still, many children in India are unaware of
education as their lives are spoiled to labour work.
ELEMENTS OF INCLUSIVE GROWTH
• Major components of the inclusive growth strategy included a sharp
upsurge in investment in rural areas, rural infrastructure and
agriculture spurt in credit for farmers, an increase in rural
employment through a unique social safety net and a sharp increase
in public spending on education and health care.
• There are several interrelated elements of inclusive growth:

• Poverty
• Employment generation and Increase in quantity & quality of
employment.
• Agriculture Development
• Industrial Development