INCLUSIVE DEVELOPMENT OF INDIA: NEW HORIZON
Keywords:
Inclusive, Development, Opportunities, Government, Innovative and PopulationAbstract
The concept of inclusive growth has become vital to economic development due to rising economic inequality and its effects on human well-being and prosperity. Inclusive growth as economic growth that is distributed fairly across society and creates opportunities for all. Inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Indian government along with the state governments and local governments should continue to focus on eradicating poverty and achieving sustainable development in order to improve the lives of India's people. Through innovative partnerships with an international organization, civil societies, and private companies, inclusive and equitable growth can be targeted. Inclusive growth will help in the empowerment of vulnerable and marginalized populations, improve livelihoods, and augment skill-building for women. In the end, inclusive growth has to start from the grass-root level, hence targeting the basic issues is key. Nowadays, large numbers of people are losing faith in their institutions. This trend can be reversed if public authorities demonstrate the highest standards of integrity and efficiency in their work, and promote more transparency and public participation.
References
I. Chattopadhyay, S.K., (2011) Financial Inclusion in India: A case Study of West Bengal, RBI Working Paper.
II. Mehrotra, N. et al., (2009). Financial Inclusion: An overview National Bank for Agriculture and Rural Development, Dept of Economics Analysis & Research: Occasional Paper – 48, Mumbai.
III. Charkravarty, S.R. and Pal, R., (2010) Measuring financial inclusion: An Axiomatic Approach, IGIDR, Working Paper.
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