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LATEST NEWS UPDATES | The road to inclusive growth

The road to inclusive growth

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published Published on Sep 15, 2009   modified Modified on Sep 15, 2009

Why the provision of a good school education is the key first step. 


The twin goals of Indian economic planning have been rapid all-round economic growth and equitable sharing of the fruits of development. The country has made significant progress in realising the first objective. But the second goal has remained elusive. After six decades of planned economic development, the disparities have widened and some three-quarters of the population are mired in poverty. The world financial crisis offers an opportunity to make a course correction and advance towards inclusive growth.

It is generally agreed that the Keynesian prescription of stepping up public spending for the management of aggregate demand is the most potent weapon to fight a recession. The Indian government has already initiated action on the right lines by enhancing outlay on infrastructure, particularly on highways, power and other public works, the NREGA, supply of foodgrains to the poor at subsidised rates and so on. But more needs to be done. Here are some specific suggestions to help the disadvantaged by giving them access to quality school education.

The main reasons for India’s failure to achieve inclusive growth and distributive justice are the failure of land reform, the wrecking of the well-designed community development programme that aimed at the all-round development of the village, the lack of success in providing adequate employment opportunities at living wages to a rising population, the neglect of school education and the absence of special measures designed to help children of the poor to get a good school education.

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PS Appu, The Hindu, 15 September, 2009, http://www.hindu.com/2009/09/15/stories/2009091553491000.htm
 

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