What are the salient features of inclusive development?
Answers
The key features of Inclusive growth are as follows:
1)Economic growth is a precondition for inclusive growth, though the nature and composition of growth has to be conducive to inclusion.
2)Inclusive growth is to include the poor and lagging socio-economic groups such as ethnic / tribal groups, weaker sections as well as lagging regions as partners and beneficiaries of economic growth.
3)The Inclusive growth addresses the constraints of the excluded and the marginalised. It has to open up opportunities for them to be partners in growth.
4)Inclusive growth should be non-discriminatory and favourable for the excluded. This implies that inclusive growth has to be broad-based in terms of coverage of regions, and labour-intensive in terms of creating large-scale productive employment opportunities in the economy.
5)Inclusive growth is expected to reduce poverty faster in the sense that it has to have a higher elasticity of poverty reduction.
6)Inclusive growth has to ensure access of people to basic infrastructure and basic services/capabilities such as basic health and education. This access should include not only the quantity, but also quality of these basic services.
Inclusive growth should reduce vertical as well as horizontal inequalities in incomes and assets