Explain ‘growth with equity’ as a planning objective.
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- Economic Growth is an increase in the aggregate output of goods and services in a country in a given period of time. Equity refers to reduction in inequality of income or wealth, uplifting weaker sections of the society and equal distribution of economic power. Higher levels of growth and social justice are two main objectives of India’s economic planning. When these two objectives are clubbed together it is called development with social justice.
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Answer:
Both 'growth and equity 'are the two important objective of Indian planning.. Hence growth with equity is a rational and desirable objective of planning.
Explanation:
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