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VOL. 11, ISSUE 3 (2024)
The dynamics of inclusive growth in India: A forward-looking perspective
Authors
Gurwinder Kochhar
Abstract
The goal of inclusive growth was to fairly
distribute economic benefits to all participants in the economy, regardless of
how much they contributed or in what ways. Nobody starts to wonder: Given that
affluence is important, what can one say? nothing, but is it divided equally?
When making a statement on this, it is ipso facto obvious how it is claimed
that it does not facilitate with straightforward solutions but instead
necessitates careful planning and management! nothing but relying on the
accepted economics theory to allocate resources in such a way as to meet all of
the world's requirements notwithstanding their scarcity. Surprisingly, there
are a number of effective strategies for distributing the rewards equally, but
in a community with so much diversity, what will the approaches be? Eventually,
the topic of how economic prosperity creates opportunity for everyone and
spreads equitably throughout society was raised. when the population's
underprivileged or disadvantaged segments have access to the fundamental
services required for their overall development. It was correctly determined
that if benefits were dispersed to all stakeholders. Theoretically, it is
suggested and highly advised that for the inclusive growth strategy. However,
it is rarely brought up that there are loopholes and that it is improper to
inquire as to whether or not there are agreed-upon benchmarks for the
distribution of benefits or eligible stakeholders of the society, as well as
what outcomes they desired or how much they were given in what ways. There may
be controversy about this language with regard to the appropriateness of any
benchmarks for evaluating what was superior and what accomplishments were made.
India is a developing country where societal constraints need a fair and
equitable allocation of resources to meet the needs of vulnerable populations.
In this study, an attempt was made to identify a few criteria to verify the
fair allocation of resources using a solely meta analytic technique and a
secondary source method to collect data.
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Pages:95-99
How to cite this article:
Gurwinder Kochhar "The dynamics of inclusive growth in India: A forward-looking perspective". International Journal of Multidisciplinary Research and Development, Vol 11, Issue 3, 2024, Pages 95-99
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