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

Neal

doi:10.36948/ijfmr.2025.v07i01.36573

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
Cite This	How to Create Inclusive Growth for India as it Moves Towards Becoming a Developed Nation - Neal - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.36573
DOI	https://doi.org/10.36948/ijfmr.2025.v07i01.36573
Short DOI	https://doi.org/g84fbs

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

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