What is the meaning of inclusive growth?

Question

What is the meaning of inclusive growth?

Answer 1

The term "inclusive growth" was made popular by the India Development Policy Review 2006 titled "Inclusive Growth and Service Delivery: Building on India's Success". This report focuses on two major challenges facing India today: improving the delivery of core public services, and maintaining rapid growth while spreading the benefits of this growth more widely.

Promoting inclusive growth includes revamping labor regulations, improving agricultural technology and infrastructure, helping lagging states and regions catch up, and empowering the poor through proactive policies that help them to take part in the market on fair and equitable terms.