Question 1 · 10 marks · 174 words written
Analyse the factors that have contributed to India's inclusive economic growth in the past decade.
Opening · a figure
Approx. 450 million Indians came out of Multidimensional poverty in last 11 years as per UNDP Report.
Factors contributed India's Inclusive Growth
Body · points
Empowerment of Marginalized through integration in digital and global markets e.g. Tribals through Trifed, PM Janman.
Digital and financial revolution
- UPI transactions crossing billions
- 50% women beneficiaries in PM Jan Dhan Yojana
Agricultural inclusivity e.g. PM Sampada Yojana and food processing promoting $44 bn exports in FY24.
Income-support for small farmers → e.g. PM KISAN, Kisan credit card.
MSME led growth:- SFURTI, e-samadhaan & SIDBI for credit; technology & facilitative government
Formalization of economy
- 8.5 crore new EPFO subscribers in last 11 year (NITI Aayog).
Production linked incentives (PLI) for textiles, electronics, etc.
Environmental conscious development eg. MISHTI, Amrit Darohar Scheme.
Challenges remain
- low female labour force participation (37% PLFS)
- 44% STs below poverty line (Census 2011).
- Exclusion, Inclusion errors.
Close
Despite these challenges, HCES accounted that India's Gini Coefficient declined from 0.31 in 2011 to 0.23 in 2024.