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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