Inclusive Growth
How can India achieve inclusive growth to prevent the gap between rich and poor from widening?
Inclusive Growth: A Paradox In Interests An essay by Hamza Ali, The University of Hull, UK
Indian self reliance is a pipe dream that has consumed many of its greatest minds in the past half century. Its proponents often cite the litany of problems facing a nation whose population stretches to 1.1 billion and has hundreds of millions of people living in abject poverty. Ghandi famously said that the problem of production had not been solved by the free market economy. Using this premise he adopted the use of appropriate technology in an attempt to address the problem of resource in India and provide a sustainable growth model based on self reliance. Energy crisis’ across the world and ever increasing food prices mean, that despite its raise in wealth India‘s massive population will cause problems in resources. Despite the evident failings of the appropriate technology movement, it is clear that inclusive growth and resource management are two aspects of sustainability that go hand in hand.
India’s problems are too large, too systemic to be allowed them to resolve organically. Problems of corruption, bureaucracy and resources to name a few are major stumbling blocks for the future of India. Regardless of the spectres of its high profile failures localising production and maintenance of resources such as energy can help promote inclusive growth and alleviate some of the strain on a highly centralised system of governance. A recent report by Delloitte Touché stated that attempting to replicate the success of a brand in an emerging market by copying previous business models is close to impossible and that innovation is an imperative of success in these markets. This is due to the fact that emerging economies have different needs to their more developed counterparts. In the same fashion emerging economies should innovating and
Inclusive Growth: A Paradox In Interests An essay by Hamza Ali, The University of Hull, UK
Indian self reliance is a pipe dream that has consumed many of its greatest minds in the past half century. Its proponents often cite the litany of problems facing a nation whose population stretches to 1.1 billion and has hundreds of millions of people living in abject poverty. Ghandi famously said that the problem of production had not been solved by the free market economy. Using this premise he adopted the use of appropriate technology in an attempt to address the problem of resource in India and provide a sustainable growth model based on self reliance. Energy crisis’ across the world and ever increasing food prices mean, that despite its raise in wealth India‘s massive population will cause problems in resources. Despite the evident failings of the appropriate technology movement, it is clear that inclusive growth and resource management are two aspects of sustainability that go hand in hand.
India’s problems are too large, too systemic to be allowed them to resolve organically. Problems of corruption, bureaucracy and resources to name a few are major stumbling blocks for the future of India. Regardless of the spectres of its high profile failures localising production and maintenance of resources such as energy can help promote inclusive growth and alleviate some of the strain on a highly centralised system of governance. A recent report by Delloitte Touché stated that attempting to replicate the success of a brand in an emerging market by copying previous business models is close to impossible and that innovation is an imperative of success in these markets. This is due to the fact that emerging economies have different needs to their more developed counterparts. In the same fashion emerging economies should innovating and