Question

Discuss briefly , the rational behind " equity with growth " as planning bojectives of indian economy.​

Answer 1

Answer:

Both growth and equity are the two important objectives of Indian planning. ... Hence, growth with equity is a rational and desirable objective of planning. This objective ensures that the benefits of nigh growth are shared by all the people equally and hence inequality of Income is reduced along with growth in income.

Explanation:

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Answer 2

They both are objectives of the economy as they directly affect the economy and are interlinked.

• Equity refers to the fair allocation of cash, whereas growth refers to a general increase in national wealth over time.
• This is so that all segments of the population can benefit from greater economic growth and achieve social justice.
• Although growth is desired, it does not ensure the well-being of society. It is measured by the market value of commodities generated in the economy (GDP), but wouldn't ensure a fair distribution of the proceeds.
• A significant chunk of GDP may be controlled by a tiny percentage of the population, which might lead to the exploitation of society's weaker groups.
• The growth that is equitable is thus a sensible and desirable planning goal. This goal makes sure that everyone benefits equitably from economic growth, hence reducing income inequality as well as economic growth.

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