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Definition of Inclusive Growth

Inclusive Growth

Inclusive Growth seeks to make sure that everyone benefits from economic growth and sees a decrease in poverty. It’s not just about growing quickly; it’s also about how we achieve that growth and its ability to create jobs and reduce poverty. Inclusive Growth means distributing resources fairly, making sure that all parts of society benefit. However, we should focus on allocating resources for the intended short and long-term benefits of society, like access to consumer goods, job opportunities, improved living standards, and overall well-being.

  • Inclusive growth means economic growth that creates employment opportunities and helps in reducing poverty.
  • It means having access to essential services in health and education.
  • It includes providing equality of opportunity, empowering people through education and skill development.
  • It also encompasses a growth process that is environment friendly growth, aims for good governance and helps in creation of a gender sensitive society.
  • As per OECD (Organisation for Economic Co-operation and Development), inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.

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