Way forward Moving towards Inclusive Growth The central ide | CSE MAINS BOOSTER
Way forward
Moving towards Inclusive Growth
The central idea of the inclusive
growth includes sharing of fruits of
socio-economic development with
all sections of the society. As a
result, moving towards inclusive
growth directly ensures both
equality and equity in the long-
term growth.
Following steps can be taken to incorporate all dimensions of inclusive growth
Policy reorientation: Progressive taxation, in order to redistribute resources across society.
Social spending, on public services such as education, health and social protection. Evidence from more than 150 countries – shows that overall, investment in public services and social protection can tackle
inequality.
Free up women's time by easing the millions of unpaid hours they spend every day caring for their families and homes. Invest in public services including water, electricity and childcare that reduce the time needed to do this unpaid work.
Low- productivity workers should be incentivized to move to sectors that are more productive. Simultaneously, fundamental reforms need to be delivered to increase the productivity
of these sectors.
Thus, need for:
Robust labour protections
Institutional and policy support for collective bargaining, social safety nets and trade protectionism.
Assessing and responding to inequalities in human development demands a revolution in metrics:
To fill the data gaps to measure the different inequalities (among groups, households etc.), new
standards and practices for measuring inequality are needed.
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