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    Inclusive Growth in India – Learning from Best Practices of Selected Countries

    Aggarwal, Suresh Chand; Satija, Divya; Khan, Shuheb | May 2019
    Abstract
    Globally, there is a clamour for creating a more inclusive world and India is also a frontrunner. Government of India is fully committed to its resolve towards achieving inclusive growth. To achieve this goal, efforts are being made to harmonise the national development priorities with international efforts and a number of policies, strategies, programmes / schemes and actions have been implemented at the national level. In this context, this paper analysis India's current position in achieving inclusive growth and sustainable development vis-a-vis 17 selected developed and developing countries including the Turkey, South Africa, Mexico, Brazil, China, Korea, Indonesia, United States, United Kingdom, Australia, France, Canada, Indonesia, Argentina, Russia, Italy, Germany and Japan. The paper is based on an in-depth analysis of secondary information. A comparative analysis of India’s inclusive growth position is done with that of the selected countries through a comparison of scores and ranking of these countries vis-a-vis India's position, across key policy and outcome indicators of inclusive growth. In addition, the paper presents specific policies that have a positive impact on both growth and inequality, and that can be the focus of policy action to achieve inclusive growth across different sectors in India. Based on this analysis, best practices that India can adopt have been identified.
    Citation
    Aggarwal, Suresh Chand; Satija, Divya; Khan, Shuheb. 2019. Inclusive Growth in India – Learning from Best Practices of Selected Countries. © Indian Council for Research on International Economic Relations. http://hdl.handle.net/11540/10132.
    Keywords
    Economic Development
    Economic Infrastructure
    Economic Policies
    Regional Economic Development
    Microfinance Programs
    Public Finance
    Local Financing
    Financial Stability
    Financial Sector Regulation
    Public Financial Management
    Financial System
    Financial Statistics
    Foreign and Domestic Financing
    Financial Inclusion
    Enterprises
    Financial aid
    Economies in transition
    Local Finance
    Local Government
    Insurance Companies
    Banks
    Social Equity
    Pension Funds
    Mutual Funds
    Financial Aspects
    Fiscal Policy
    Social responsibility of business
    Accounting
    Personal budgets
    Cost and standard of living
    Bank accounts
    Credit control
    Regulatory reform
    Banks and banking
    Digital Financial Service
    Pension plans
    Individual retirement accounts
    Employee pension trusts
    Investment management
    Investments
    Multiemployer pension plans
    Keogh plans
    Individual retirement accounts
    Pension plans
    Employee pension trusts
    Pension trusts
    Investment companies
    International banks and banking
    Stock exchanges
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    Citable URI
    http://hdl.handle.net/11540/10132
    Metadata
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    Working_Paper_375.pdf (1.656Mb)
    Author
    Aggarwal, Suresh Chand
    Satija, Divya
    Khan, Shuheb
    Theme
    Economics
    Finance
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise