Model Question and Answers for APSC | It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement.
It is argued that the strategy of inclusive growth is intended to meet the objectives of inclusiveness and sustainability together. Comment on this statement.
Ans: According to United Nations Development Program (UNDP), inclusive growth is “the process and the outcome where all groups of people have participated in the organisation of growth and have benefited equitably from it”. This implies that inclusive growth should include all sections as beneficiaries as well as partners in growth and that inclusion of the excluded should be embedded in the growth process.
Sustained and inclusive economic growth is a prerequisite for sustainable development, which can contribute to improved livelihoods for people around the world.
Challenges in Achieving Inclusive Growth
- Agriculture Backwardness
- Issues with Social Development
- Regional Disparities
By addressing these challenges we can effectively make growth sustainable because people remain poor and unemployed they adopt livelihood practices that threaten environmental sustainability. For instance, poverty in forest-dependent communities, if not addressed, leads to unsustainable practices.
Thus we can argue that inclusive growth is intended to meet both the objectives of inclusiveness and sustainability together.
Or as slum dwellers are not included in the city governance paradigm they end up threatening vital resources for their survival.
Elements of Inclusive Growth
- Rural-agricultural development along with industrial development
- Skill upgradation and Employment generation
- Regionally balanced growth
- Social sector development and Human capital formation
- Digital and Financial Inclusion for all
- Technological advancement