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Inclusive growth is the new paradigm that is related essentially to equality and opportunity to all for achieving a productive and meaningful life with freedom, equality and dignity. There is a lot of talk on growth with equity but it has not been dovetailed with the development effort. An immediate plan for achieving equitable development is needed and the challenge before the Government is to evolve a system in which reforms and globalisation can proceed on one track, and the poor can be protected from the ill effects of it, on the other. Local communities and markets should be reinforced to take advantage of finance, trade and investment changes flowing from the national and global levels. Investing to improve productivity in agriculture is essential for sustainable poverty reduction. In essence, therefore, there has to successful localisation first to reap the benefits of globalisation.

Inclusive Growth for Social Justice: An Imperative for India’s Development Efforts