Inclusive growth

Subject :Economy

Section: National income

Context: Budget 202324 is a bold step towards envisioning a prosperous and inclusive India

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 by the poor. 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.

Components of Economic Growth-