International Journal For Multidisciplinary Research

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How to Create Inclusive Growth for India as it Moves Towards Becoming a Developed Nation

Author(s) Neal
Country India
Abstract This paper explores actionable strategies to achieve inclusive growth in India as it transitions toward becoming a developed nation. By analyzing economic theories, policy frameworks and empirical data, the study identifies critical gaps in India’s current approach to addressing inequality and proposes targeted interventions to ensure equitable economic development.

It emphasizes the need for transformative policies in education, healthcare, infrastructure and financial inclusion, aided by technology and participatory governance.

The study discusses the imbalanced nature of India’s growth, comparing it with the more inclusive growth of other emerging economies like China, Brazil and Indonesia. It examines the structural barriers to equitable growth, including urban-rural disparities, gender inequality, caste-based discrimination and the challenges faced by the informal sector which employs a significant percentage of India’s workforce.

This paper analyses global best practices to offer policy recommendations. These recommendations include vocational training, building social safety nets and leveraging digital technologies to reduce gaps in access as well as in opportunity.

Relying on case studies from both India and abroad, this paper emphasises the importance of public-private-NGO partnerships in fostering inclusive growth, It concludes that inclusive growth is not achieved just through wealth redistribution. India needs to reduce or eradicate systemic issues through sustained political will, innovative financing and community-driven solutions. By addressing structural inequities, India can unlock its full economic potential and redefine what it means to be a developed nation in the 21st century.
Keywords inclusive growth, economic development, sustainable practices, equitable growth, equitable development, emerging nation, India
Field Sociology > Economics
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-02-07
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.36573
Short DOI https://doi.org/g84fbs
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