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Economic growth can be transformed into meaningful development only if it brings about an improvement in the living conditions of people. Examine the reasons for growing inequalities in India. Suggest structural and policy measures needed to reduce economic inequality in the country.

Topic: Inclusive growth and issues arising from it.

5. Economic growth can be transformed into meaningful development only if it brings about an improvement in the living conditions of people. Examine the reasons for growing inequalities in India. Suggest structural and policy measures needed to reduce economic inequality in the country. (250 words)

Difficulty level: Moderate

Reference: Live MintInsights on India

Why the question:

Although poverty lines and poverty estimates are always a source of contention, the number of poor people in India in 2022, perhaps 20-25% of our population, might be close to the total population of India in 1947.

Key Demand of the question:

To write about reasons for inequalities in the country and its implications. The structural and policy measures needed to overcome them.

Directive word: 

Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.

Structure of the answer:

Introduction: 

Begin by giving context.

Body:

First, in brief, trace the growth and development story of India since independence with a special emphasis on growing inequalities. Cite statistics to substantiate.

Next, write about various reasons for growing inequalities in the country.

Next, write about the structural measures that are needed to fix the above.

Next, write about the policy changes needed to reduce inequalities.

Conclusion:

Concluding by writing a way forward.