Perspectives on Inclusive Growth in India

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Inclusive growth is a major concern for human development in India with rising inequalities. Despite tremendous growth of economy, failure on distributive front has aggravated the progressive journey towards collective well-being. Inclusive growth has become the buzzword in policy-spheres with recent phenomenon of rapid growth with characteristic patterns of exclusion. The sectoral, social and spatial inequalities have raised questions about welfare approaches of Government planning, and emphasized the role of the private sector in addressing development issues in the country. Employment generation, social and developmental infrastructure, health-care and rural diversification are some of the major suggestions from experts. Due to faulty approaches and often politically motivated policies, growth has generated inequalities. It is imperative for the planners and policy-makers to make growth inclusive through adoption of pragmatic policies. The journey towards balancing the outcome of economic growth involves many challenges. The dominant challenges include the imperative of maintaining the acceleration of economic growth without compromising on human development and sustainability. The book analyses various policy and programming issues about inclusive growth in India. With indepth overview of human development issues surfaced by various researches, the book outlines certain policy issues pertinent to inclusive growth. This book specifically looks at the issue in broader framework of sectoral, social and regional inequalities which form the macro framework for inclusive growth.

ABOUT THE AUTHOR J.R. Dholakia

J R Dholakia is veteran business journalist with more than three decades long experience. Having done Masters in Economics from Mumbai University, he is well-known for his analytical perspectives on business happenings in the economic capital of India, Mumbai. Presently, he is working as a Consulting Editor at Icfai Business School Research Centre, Mumbai. He worked for 17 years with the Research Bureau of The Economic Times (Mumbai). His period at Economic Times was during the shift of Indian economy from the stagnant Hindu growth rate to the booming growth rate achieved after post liberalisation developments. He has also contributed five years in the Business and Political Observer which is Reliance Group Newspaper. Considering his journalistic expertise he was also invited to be part of several industry studies. One of his affiliations was with Centre for Monitoring Indian Economy (CMIE). During his tenure with Business India, he wrote a regular column which was highly appreciated by business fraternity. He is well-known for his expertise on the urbanisation and economic development especially during the post liberalisation urban centric growth period. His analysis mainly involves pragmatic perspective on holistic development.