Inclusive growth

Abhijit Sen ()
Additional contact information
Abhijit Sen: Formerly: Jawaharlal Nehru University

Journal of Social and Economic Development, 2022, vol. 24, issue 1, No 10, 147-161

Abstract: Abstract This lecture focusses on explaining the reasons behind ‘Inclusive Growth’ as the central theme of the Eleventh Five Year Plan. The picture of growth after 2004 is sketched explaining the turnaround in Indian Political Scenario from NDA to UPA, comparing ‘Shining India’ as against the ‘Vision of India’ promised by UPA. After elaborating the growth story from 2004 and pointing out that growth rates increased due to corporate savings and investment, with less contribution going towards wages in the corporate sector it is shown that inequality had increased and the poverty reduction was slow. Pointing out that there were three visions of India with ‘Cities’ Towns and actual villages’ and essentially the agriculture sector suffered in the ‘Shining India’ experience. The real issue, pointed out to the situation wherein growth has taking place with higher investment but with greater inequality along with increasing poverty. That needed to turn towards inclusive growth. Finally, using this analyses as background the “inclusivity” theme is justified for the plan.

Keywords: Inclusive growth; Eleventh Five Year Plan; GDP growth; Gross domestic savings; Gross capital formation (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s40847-022-00227-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jsecdv:v:24:y:2022:i:1:d:10.1007_s40847-022-00227-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/40847

DOI: 10.1007/s40847-022-00227-8

Access Statistics for this article

Journal of Social and Economic Development is currently edited by M.G. Chandrakanth, D. Rajasekhar, Anand Inbanathan and S. Madheswaran

More articles in Journal of Social and Economic Development from Springer, Institute for Social and Economic Change
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().