Analyse the factors that have contributed to India's inclusive economic growth in the past decade. (Answer in 150 words)

As per recent world bank report, India is among the top 4 nations who have reduced economic inequality with a GNI of 0.55, working towards inclusive development. Factors contributing to inclusive growth: (1) Growth of GDP - with India becoming 4th largest economy with yearly growth of ~7%. (2) Social welfare schemes - framed on marginalised sectors e PBS, MGNREGA (3) Human development - by focus on education and health e reduction of out-of-pocket expenditure to 11.6%. (NHA 2022-23) (4) Breaking of vicious poverty cycle i.e. extreme poverty reduced to 5% (world bank) (5) Women empowerment e reduction of MLFR to 41 (economic survey) and role of education in STEM fields i.e 41%. (6) Urbanisation - where social discrimination on basis of caste and religion is diluted (7) Role of judiciary - upholding constitutional morality e Navtej Singh Johar case for LGBTQ+ (yet challenges remain) → High inequality in wealth (1% asian 40%). → health-income inequality (past 2012) → High rate of health & education facilities → Concentration of money in various pockets e eastern states → lack of employment opportunities → invest in innovation e YNAP, capacity building e Samarth Udyog, focus on nutrition e POSHAN Abhiyaan → Reduce unpaid domestic work Thus, need is for upliftment of marginalised growing achieving of Vision 2047.

— RAKHI · AIR 65