Rethinking inclusive growth

·         Last few decades have seen a gradual withdrawal of state from economic activities

·         State is trasforming from being a strong regulator and policy setter to a facilitator of economic activities

·         The aim of 11^th FYP was inclusive growth through

o   Increased rates of growth in key sectors

o   Critical interventions in socials ector

11^th plan report card

·         Mid term appraisal of the plan indicated that none of sectors except “personal and communication services” performed satisfactorily

12^th plan challenges

·         Serious concern over government finances

·         Near jobless growth in primary sector

·         Growing informalisation of 2ndy and 3ry sector

WAY AHEAD

·         Policysetting should aminstream inclusive growth through strong regulatory