Question 1 · 10 marks · 151 words written
Analyse the factors that have contributed to India's inclusive economic growth in the past decade.
Opening · a definition
Per UNDP, inclusive growth is such growth in which all groups participate & the benefits of which are shared among all in an equitable manner.
Factors responsible for India's inclusive growth
Body · points
(1) Financial inclusion by expanding access to banking services
Eg: 50 crore + bank accounts under PMJDY, 55% held by women
(2) Addressing regional disparities
Eg: Aspirational districts programme
(3) Expansion of access to digital financial services like UPI, Rupay
Eg: 36 crore + Rupay cards issued
(4) Access to credit, promoting entrepreneurship Eg PM MUDRA Yojana (5) Differentiated banking to expand access to banks (Nachiket Mor Committee) Eg Payments banks, SFBs (6) Health care coverage under AB-PMJAY (7) 67% of population getting subsidized food grains under NFSA (8) Various skill development programmes Eg PMKVY, Skill India (9) Creation of jobs → Make in India, National Manufacturing mission
Close · a vision
Furthering inclusive growth is crucial to vision of 'Sabka Sath, Sabka Vikas'