Inclusive Growth Strategy: Prospects and Challenges in India

Abstract The Indian economy has experienced significant growth rates over the years. Despite the significant gains made by economic development, the majority of the country’s poor did not experience any substantial improvement in their living conditions. Despite the development benefits, a considerable proportion of the poor were still living in poverty. Why did this happen? These groups were primarily excluded from development due to their limited participation in it and socioeconomic status. They were not given access to opportunities and programs that aimed at improving their socioeconomic status, which included being illiterate, ignorant and lacking skills. In light of this variation, the Eleventh Five-Year Plan (2007-2012) incorporated inclusive growth as one of its key components. To ensure a fair distribution of benefits, it sought to integrate the poor into mainstream growth by strengthening their abilities. The Plan stated that sustainable progress is only possible when all segments of society, particularly the poor, are given the opportunity to participate in and benefit from economic growth (Planning Commission, 2008) Additionally.