INDIA’S INCLUSIVE GROWTH AND DEVELOPMENT: AN ASSESSMENT

L. G. Burange, Neha N. Karnik, Rucha R. Ranadive

Abstract


The strategies of inclusive growth and development came into the limelight in the developmental policies of emerging market economies (EMEs), with higher economic growth rates. With an accelerated economic growth rate, Indian policy makers too shifted their focus on inclusive growth and development while formulating the 11

Keywords: Inclusive Growth, Flagship Programmes, 11

th Five Year Plan. Thus, the Plan targeted deprived sections of the Indian population. Recently in 2012, the Plan completed its tenure. It is therefore appropriate to examine the outreach of this Plan. The aim of the paper is to assess how far the 11th Five Year Plan succeeded in bringing inclusive growth in India. Attempts are made here to evaluate various flagship programmes covering education, health, employment, rural-urban infrastructure, women and child development and social security measures against the backdrop of the Plan. Efforts are also made to evaluate specific schemes on the basis of their targets and achievements. At the same time, through financial inclusion, the RBI as well as NABARD endeavours to spread the benefits of financial development to the grassroot level. The coverage of the study is the period of the 11th Five Year Plan i.e., from 2007-08 to 2011-12, using the data from the Economic Survey and other sources. In spite of various measures undertaken by the government, their effective implementation in India is lacking.th Five Year Plan, Inclusive Development, Financial Inclusion

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