Fitting inclusive growth model for Indian Economy

摘要

The genesis of inclusive growth as an alternate development strategy can be traced in the order of Washington Consensus, Pro Poor Growth Strategy) and UNDP sponsored MDGs There is no universal definition of inclusive growth. However the scanning of existing literature reveal that there are relatively few but well founded studies, reports and publications on inclusive growth which are the knowledge products of World Bank, IMF, International Policy Centre for Inclusive Growth — IPCG, an initiative by UNDP, Asian Development Bank (ADB) etc. Inclusive growth emphasizes ensuring that the economic growth generates not only new opportunities but also give equal access to these opportunities to all particularly to the poor the maximum possible extent. This paper explores alternate economic growth models through a theoretical approach and then attempt to fit the inclusive growth model for Indian Economy.