Pseudo-inclusiveness of Marginalised Section in Economic Growth of India

The study aimed to construct the index of inclusive development in India from 1985 to 2019 using Principal Component Analysis. The analysis revealed a slower initial trend in inclusiveness in India, followed by an observed increase. Additionally, the study examined the growth of the marginalized section using the inclusiveness index through regression analysis. A significant relationship was found between these two variables. However, the Engle-Granger Cointegration Test indicated no long-run equilibrium relationship between them. Finally, the Granger Causality Test suggested a unidirectional relationship from LNEXPMS to LNIDI.