Inclusive growth is defined as an economic concept which promotes equitable opportunities for economic participants during economic growth with benefits incurred by every section of society. The concept doesn’t just include the generation of wealth for everyone but also focuses on overall development, such as equity in healthcare opportunities, education, environmental quality etc.
In the modern world, the economic and social gaps between people are huge. The middle class is way above the lower class, yet still it is nothing in comparison to the wealthy class, which includes just a fraction (usually 1%) of the population but controls a disproportionate amount of wealth. However, it may not be a myth after all.
In India, various steps have been taken throughout history to ensure better social and economic inclusion of every section of the society. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), one of the largest social safety network in India, has improved the standard of living of people and has been able to check migration to a great extent. Apart from this, the Government has launched various flagship programmes like Sarva Siksha Abhiyan (SSA), National Rural Health Mission (NRHM), Bharat Nirman etc. to bring about improvement in the area of education, health and infrastructure thereby making growth more inclusive.
Even in more recent times, with the unveiling initiatives like Make in India, Skill India and Start-Up India, the government has tried to ensure that the youth gets better education, skill development and entrepreneurial support. However, most, if not all, of these missions have fallen well short of their targets. They have failed to rise the status of enough people and structural and institutional problems still exist.
So where exactly does the problem lie? The people of the country definitely want inclusive growth and the government too tried to do its fair share to ensure that, but even by 2018, we live in a world where the richest few travel in private jets and the poorest few (well not really) struggle to have 2 square meals a month, let alone a day.
First of all, tangible work on the ground zero level needs to be seen. If there are programmes that promote skill development, then properly skilled instructors need to be hired. To generate gainful employment, more factories and service points need to be set up, especially in the rural areas so as to reduce the urban-rural divide.
Besides these, it needs to be ensured that everyone gets at least basic medical care for free. That means better equipped government hospitals and clinics. An insurance contract with the private clinics would not be a bad idea either. This also rolls over to the fact that there needs to be better social security. Every person, no matter how poor or rich, should have the peace of mind that lest something go wrong, my government and my people will be there to help me.
In conclusion, it can be said that even though right now, today, inclusive growth is just a myth, a proper well planned and well executed approach can bring it to reality. As much as the government needs to do its part, the onus also lies on private players to ensure the well being of the people of the land where they operate, and it also lies on the people themselves, who should be able to identify opportunities and work towards their goals of personal betterment, which would lead to the betterment of the society as a whole.
If you were the head of a state, how would you ensure inclusive growth? Tell me about it in the comments section below. Also, do not forget to follow me on Twitter if you haven’t already. For any queries or collaboration, you can always contact me.
Much love,
–SG
I have never really thought about this particular topic before , you have a strong writing technique to help people understand your thoughts and views that is fantastic
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Thanks Disorder!
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your welcome and i should introduce myself my name is addison but you can call me addy 🙂
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Nice to meet you Addy, sorry for calling you Disorder earlier.
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no worries I thought it sounded awesome
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All right then. Are you from Australia?
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yes i am i live in brisbane
i have done all my life lol you?
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I’m from India. I was hoping you would have gathered that from the post itself, since I wrote about India. 😀
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Lol😂😂😂😂
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okay relax.
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i had an inkling but i find it brude to assume things about people i like to respect people for who they are and if they wish to tell me thats awesome
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That is true and I respect you for that.
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ty 🙂 my parents taught me well
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😂😂😂😂😂😂😂😂😂😂😂
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let me correct my typing error “rude” lol and its nice to meet u to , it was beautiful weather before it was raining and thunder and the sky was a light
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Well it is spring up here in the northern hemisphere.
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i actually love cold weather lol i am crazy i know but there is nothing like jumpers and long pants lol
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Good for you. I personally don’t much care for it.
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i dont mind the warmer weather either but if i had to make a choice i would go with the flow 🙂
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Hey Gem, nice write up!! Inclusive growth is definitely required in country like India where socio-economic inequality is huge.
Language and flow of the essay are as usual great!!
Contentwise essay needs improvement. I may sound little critical here!!
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It’s alright bro, I always strive for improvement. I was keeping the word limit in mind, hence, I feel I should condense a bit more to accommodate for more points.
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I think in India the vast population makes it difficult to implement and enforce new reforms
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I second that
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I like your thoughts, though I would like to add that our current govt has floated a number of insurance schemes specifically for the poor such as the Atal Bima Yojana & the recent ‘ModiCare’.
It is difficult to develop skill in our country since our avocation being to run after high scores. We are mostly interested in quantitative results. This has been the criterion for years & I believe the NDA govt has tried to change this perspective but yes it will take quite some time of course. Till then we have to be patient.
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Reblogged this on Die Erste Eslarner Zeitung – Aus und über Eslarn, sowie die bayerisch-tschechische Region!.
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Reblogged this on trainhrtraining.
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Excellent topic here. I believe that a lot has to change for the world to be more inclusive. I followed you on Twitter 🙂
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This is an interesting topic. The problem is partially one of resource allocation. How does one make an out of touch elite relinquish it’s grip on our resources?
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