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Topic : Inclusive Growth In India
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IIMB vista 2010-11

 
Industry : Advertising/PR/MR/EventsFunctional Area : Business Policy(Strategy & Execution)
Activity:  719 views;  last activity : 10 08 2010 15:26:45 +0000

The subject of inclusive growth has been in the spotlight recently, for very obvious reasons. The earlier election campaigns like, 'India Shining' vs. 'Aam Aadmi' confrontation, highlighted an apparently widespread perception that the benefits of economic growth were simply passing too many people by.

And also the next phase of India's growth is critically linked to unlocking the value at the bottom of the pyramid with its quest for Inclusive growth.

But, what do you think people Is inclusive growth in India a Dream or a reality??

 
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Its a Dream Vs Its a Reality
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I quite liked the way you have created this debate and the argument that you have come up with...but I would like to tell it will be a dream for India to achieve a proper inclusive growth...I mean the reasons that you have given are quite good, but, some how India's inclusive growth clearly relates to education and skill creation. And here there are three essential components to any educational process. It must provide a basic set of skills that the individual needs to function within his/her socio-economic environment literacy, numeracy and, in today's times, some basic IT capabilities.

It must impart a set of skills that are relevant to the market in other words, enable the individual to take advantage of opportunities. And, it must give the individual his values, a sense of his place in the larger community and his obligations to it. And without this Inclusive growth in India will be a dream for sure...


By Purvi Ghosh, Marketing analyst, Percept Advertising  09 27 2010 12:47:58 +0000
 
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I think it will be a reality,  and also it depends on few of the attributes like

1. Opportunity: Is the economy generating more and varied ways for people to earn a living and increase their incomes over time?

2. Capability: Is the economy providing the means for people to create or enhance their capabilities in order to exploit available opportunities?

3. Access: Is the economy providing the means to bring opportunities and capabilities together?

4. Security: Is the economy providing the means for people to protect themselves against a temporary or permanent loss of livelihood

I mean it depends on a number of factors, also including the motivation and performance of the individual himself. In this sense, it is unreasonable to hold the growth or development process itself entirely accountable for the result. It is more appropriate to assess the effectiveness of the process in terms of whether or not it gives a large  number of people legitimate opportunities to earn incomes.


By Ranjith TC, MBA student, St. Joseph's College of Business Administration  09 27 2010 12:37:25 +0000
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India is considered to be just about the Metros and some other places. What about the rest of the country? Unfortunately just 10-20 people control 90% of India's total Income and we say we are growing!
By Siddhartha Shanker, Freelancer  | 10 08 2010 15:26:45 +0000
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Every financial year we boast our GDP and make optimistic projections of the same, but its is a stark reality that our development is not ubiquitous.Only the urban population benefit from it. Agriculture which is considered as backbone of India has over years have not witnessed any development. We may be very happy about being cheap labor for western countries esp in the IT-sector but a simple broad-band connections is a far fetch dream for many villages. We might have found water on moon but huge rural population cannot find it in their taps.
By Capt. Harshit Singhal, Freelancer, Transportation/Aviation  | 10 04 2010 19:50:11 +0000
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By earning 100 Rs per day, 4 hours electricity supply, poor supply of water, poor quality of education, undeveloped infrastructure and poor and late work we can't achive inclusive growth.


By Vinod kumar, MBA (Finance) student, Punjab College of Technical Education  | 10 04 2010 15:13:25 +0000
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Inclusive growth will remain a dream so long as we keep our majority of population illiterates, not allowing them to share the wealth of India they produce, ensure their rights are not trampled!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 10 04 2010 14:51:00 +0000
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According to my opinion Inclusive Growth in India is dream for Indian. We all are dreamer. India is a land of agriculture and contributed 16.5% of total GDP growth according to 2007 survey. A steady decline of its contribution in GDP shows a clear picture. Its not about only agriculture sector, other sector say example IT sector growth and its share towards GDP depends one statement of American president. We are good in Application software sector so that this outsourcing business is hear. We believe in theory we stop method "Do and Learn" in educational sector. only passing and getting degree is enough. most of the Indian youth unemployed today but government showing picture of India shining.    


By vibhav Kumar, Marketing Executive, Sri Balaji Enterprises  | 10 04 2010 14:03:58 +0000
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your opinions are right Ms. Purvi.

Inclusive growth is being talked and discussed and when it will be achieved at least to a reasonable level. It is a great question mark.


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 09 29 2010 17:57:43 +0000
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So far as we saw... it is a clear dream... so many people are still below the poverty line. so many five year plans came and went by. But none or not most of them really looked down at the bottom of the pyramid. India spends so much on National games, Cricket, Common Wealth Games. But who is watching these Games. Is the common man in any way benefited from these or any events? We in a democracy do not know what our Government is doing with our own money. We pay taxes and some one else takes all the money like Mr. Raja of the DoT. I wonder and laugh, when politicians say that India has a nominal GDP of $1.3Bn when the bottom of the pyramid has nothing to eat no where to stay and nothing to wear. If there is something we can do as a Democracy, let's do it at our individual levels like making our community, near by areas better places to live. Let us help those really in the bottom of the pyramid in their betterment rather than waiting for our Government at the Center or the State to do something about them... Let US make this Dream of Inclusive Growth a Reality.

 

No use blaming...!!


By V B Sree Krishna Dutta, Content publishing, Deloitte Touche Tohmatsu  | 09 28 2010 15:53:53 +0000
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It's A Distant Dream.... I Foresee To About 50  Years Later Some Changes May Be Vivid...


By suhaschandra deshpande, Marketing Associate  | 09 27 2010 19:46:57 +0000
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growth.....everyone has ....and INDIA too has.....so..its proportional.....the growth needed is in ourselves & in each citizen...so can our country will have soon....
By Soumya Ranjan Subudhi, fresher, student  | 10 08 2010 14:58:27 +0000
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In the larger interests of our country it should become a reality.


By s.baalu , Consultant, XYZ LTD  | 10 08 2010 14:15:44 +0000
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Inclusive Growth focuses on economic growth which is a necessary and crucial condition for poverty reduction. IG adopts a long term perspective and is concerned with sustained growth.

In my view if growth is to be sustained in the long run, it should be broad-based across sectors. An issue of basic structural transformation therefore takes a front stage. Some countries may be an exception and continue to specialize as they develop due to their specific conditions.

It should also be inclusive of the large part of the country’s labor force, where inclusiveness refers to equality of opportunity in terms of access to markets, resources and unbiased regulatory environment for businesses and individuals.

Inclusive growth focuses on both the pace and pattern of growth. IG approach takes a longer term perspective as its main focus is on productive employment rather than on direct income redistribution, as a means of increasing incomes for excluded groups. In the short run, governments could use income distribution schemes to attenuate negative impacts on the poor of policies intended to jump start growth, but transfer schemes cannot be an answer in the long run and can be problematic in the short run.

I am of the view that we must accentuate to promote growth of rural India which is poor, un-educated, lacks the basic amenities like water, sewer and electricity and must appreciate to work for its growth that is sustainable and productive rather than vast multitudes of projects undertaken by lots of international and national NGOs to empower the village without any impact on the rural population.

The Mahatma Gandhi National Rural Employment Guarantee scheme is one of the example of Inclusive growth initiative taken by Govt. of India and I am of the firm believe that if we can eradicate the component of corruption out of this scheme, it is sure to become an exemplary scheme and shall benefit the rural India a great with a focus on GROWTH.


By Sandeep K. Das, Consultant-Procurement & Logistics Coordinator, DFID-TAST  | 10 05 2010 06:15:30 +0000
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Today inclusive growth in India Might seems to be a dream but as i am in the same profession and more about its becoming a realty soon as the volunteer organizations now coming ahead with more passion and better human capital and moreover now the corporate is also has started its concern to the common mass of India for Ex. My organization which is ICICI Foundation for inclusive growth is also corporate Startup. Hence deemed to be realty soon.........
By Ramkishan Singh, Development Professional , ICICI Foundation for inclusive growth  | 10 05 2010 04:34:06 +0000
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Very much a reality soon. The pointers are; 1. Public and Private Partnership in taking the benefits of technology to rural areas.I have an NGO ERPFOUNDATION- Enriching rural people, which is a National alliance partner in Grameen Gyan Abhiyan, an initiative by Professor M.S. Swaminathan, the agricultural scientist, responsible for green revolution, is gaining momentum in all sectors of agriculture and Food security, health care,Education and skill development and creating job opportunities, in rural areas. 2. Corporate sector through Corporate social responsibility is reaching out to rural youth in empowering them and providing them with jobs. For instance through erp foundation, L&T has selected about 100 unemployed youth after their 10th class education and given them training in construction skills and provided them with jobs. After this Hundai and Saintgoban followed and last week when I went looking for any other unemployed in our Mandal Vijayauiram in chittor district of AP, AND FOUND NOT MANY. 3.Based in Chennai, I also mentor young entrepreneurs through BYST- Bharatiya yuva shakthi trust ( supported by cii chennai) and EDI- ENTREPRENEUR DEVELOPMENT CENTER AT IIT MADRAS. What is needed is new entrepreneurs to start small and medium enterprises to create wealth by innovative ideas and by providing employment to many. This will be happening in a big way. 4. Bodies like CII is putting dreams into minds of politicians to think big and involve the private sector to translate these dreams into reality A lot more is happening all over.
By dommaraju krishnamaraju, CEO/MD/Director, wine legendIndia pvt ltd  | 09 28 2010 16:50:54 +0000
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Purvi thanks for referal.

I like your view but Ranjith's argument is more inline with mine so I am replying him.

Indian Government is taking all actions which are required for Inclusive growth.

All required is better control & Reduce corruption.

 

By this pace we can see the difference in coming 10 years.

 

 

 


By Mani Kant Mishra, SBU/Profit Center Head, FOR CLOSEED GROUP  | 09 28 2010 07:20:15 +0000
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It is the new mantra of growth.As the economy grows it gives scope new avenues of growth. it remains to be seen as to how things will shape
By Shashi Kumar U, Manager accounts & commercial, Mazda Concrete Products Pvt Ltd  | 09 28 2010 04:43:13 +0000
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