Explain intra-generational and inter-generational issues of equity from the perspective of inclusive growth and sustainable development.

Inclusive Growth as a Road map to

1. Intergenerational equity a) Ensure reduction in inequality & poverty → MPI latest survey → Poverty has reduced to 13% only b) Enhance opportunity in terms of access to health, education, nutrition → Literacy level → 77% in 2021 (NSS report) → Mean year of schooling increased to 6.57 yrs (HDI-2023) c) Enhance livelihood & employment opportunity thus further enhance household income

(d) leads to substantial change in living standards, lifestyle vis-a-vis previous generation → SBM → Access to toilet facility (↑) → Ujjawala → Clean fuel

2 Redistribution of wealth

• a) Targeted approach of service delivery leads to reduction in multidimensional poverty & inequality (eg) MPI - 13.5 cr people exited poverty.
• b) Progressive Taxation by government to fund welfare measure for inclusive growth
• c) Provision of social security to old age, widow, PwD etc (eg) - Atal Pension yojna
• d) Safety net for weaker section to provide a cushion against externalities (eg) MNREGA to address Rural distress

3) Employment generation

i) Meaningful employment leads to increase

in household income & reduces inequality

ii) Employment in formal sector gives better jobs with social security benefits

iii) Growth of every sectors leads to optimal utilisation of workforce

Steps taken by Government to achieve Inclusive Growth

i) To address multidimensional poverty → SBM → To enhance access to toilet → PM Awas Yojna → To provide housing → Ujjawala Yojna → To clean fuel → Jal Jeevan mission → To provide Tap water

ii) To address employment generation issue → SHG → To promote self-employment → NREGA → as safety net → Stand up India & Startup India → To promote entrepreneurship

iii) Social safety net in form of → Pension to widows, PwDs → Pension to Unorganised sector → Mandhan scheme, Atal Pension Yojna