Model Question and Answers for APSC | What are the key components of Inclusive growth? Why is Inclusive growth important in the context of Sustainable development? (APSC Mains 2020 GS- III)

Ans : Inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all. Inclusive growth is defined as economic growth that generates job opportunities and aids in poverty reduction.
Inclusive Growth as a Multi-dimensional Concept
Inclusive growth is understood as a multi-dimensional concept that facilitates inclusion from a variety of fronts that include:
 Increase of employment;
 Elimination of poverty;
 Elimination of discrimination
 Elimination of horizontal and vertical inequalities
 Promotion of access to a variety of public resources and institutions.
 Increase participation of all in the growth process
 Include the excluded and empower them

The key components of Inclusive growth

Inclusive growth is important in the context of Sustainable development:
1. Inequality puts our world at risk, as it puts more burden on ecology
2. Inequality fuels luxury goods and higher energy demands which puts environment at pressure
3. Poor people are forced to exploit ecology in unsustainable ways due to poverty, lack of choices and state support
4. Inequality often reduces government funds with which it can support sustainable development of poorer sections 

5. As inequality disrupts social order and peace, it ultimately affects social harmony and sustainable development