Understanding Inclusive Growth for Sustainable Development
Inclusive growth focuses on distributing economic benefits equitably to ensure a better standard of living and opportunities for all. It emphasizes fair income and wealth distribution, promoting well-being, inclusion, sustainability, and equal opportunities. Key elements include poverty reduction, employment opportunities, agricultural and social sector development, and reducing regional disparities. Lack of inclusive growth can lead to societal unrest, making it essential for sustainable development and economic growth.
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INCLUSIVE GROWTH DEBASHREE BHATTACHARYA
Inclusive growth is economic growth that maintains fair distribution of income and wealth with a better standards of living and opportunities for the bulk of population.
Goals of inclusive growth Well-being Inclusion Sustainability Equal Opportunity
It is a strategy of economic growth which gives emphasis on equitable sharing of benefits of growth It grants people to contribute to and benefit from economic growth. All the productive sectors should provide equal opportunities to haves and have nots.
Interrelated Elements of Inclusive Growth Poverty reduction and Increase in opportunities for employment, both qualitatively and quantitatively. Agricultural development Social sectors development Reduction in regional disparities
Lack of Inclusive growth leads to unrest in society Inclusive growth promotes equity, essential for economic growth. Good life and growth would enhance the pace of development Inclusive growth ensures one of the major goals of sustainable development.