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Faster and sustainable inclusive growth will be one of the important strtegy for India Tomorrow

Author: 
Sarkar, S., Mukherjee, S. and Bairagya, R.
Subject Area: 
Social Sciences and Humanities
Abstract: 

Economy of a State is for all its citizens. When the worst on economy is suffered by all its citizens then why not the goods of economy are shared by all? Inclusive Growth (IG) gives an answer to this question. IG with broad base across the sectors is pro poor and reduces rural-urban and rich-poor divides. IG is incorporating all its members (citizens / beneficiaries) under its web and progressing towards a substantial and sustainable development which will result in economic welfare in the long-run. It simply means an equitable allocation of resources with benefits accruing to every sections of the society. IG is based on its three pillars i.e. environment, society and financial system. Inclusion in any of the above factors will lead to a growth which aims to reduce the disparity basically among haves and have not through reduction of poverty. IG focuses on formal training to develop the skills of the workers to increase the productivity and simultaneously raise their wage rates. The paper aims to analyze the above factors and reasons for IG and tries to establish an IG function. Moreover the paper focuses on the impact of IG on cost, market and economy and tries to establish situations when, where and how the IG is possible.

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