Topic: Inclusive growth and issues arising from it.
2. Inclusive growth is expected to reduce poverty faster in the sense that it has to have a higher elasticity of poverty reduction. Do you agree? Analyse. (250 words)
Indian economy by Dutta and Sundaram.
Why this question:
The question is based on the Inclusive growth and its relations to Poverty reduction.
Key demand of the question:
Discuss the importance of inclusive growth and its relations with Poverty reduction and in what way it has links with higher elasticity of poverty reduction.
Analyze – When asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.
Structure of the answer:
Discuss what inclusive growth is.
Highlight the features of inclusive growth. The growth is inclusive growth when it is socially inclusive, regionally balanced, which enables every state to do better than in the past, which narrows the gap between different communities, which also brings in our concern for gender equality, upliftment of women, improving their educational condition and social status.
Discuss its relations with higher elasticity of poverty reduction.
Conclude with detailed analysis and its effects and significance.