Inclusive and or

Green Growth

Introduction
Growth in the world over the past 20 years

660 million people lifted out of poverty

Growth at expense of environment and equit
y
o 1.3 billion without access to electricity
o 2.6 billion without access to sanitation
o 900 million lacks clean drinking water
o India among top 10 most polluted countries
o 13 of 20 most polluted cities are in India
o Make in India

Inclusive Growth
Definition of Inclusive Growth
Inclusiveness a concept that encompasses equity, equality of o
pportunity, and protection in market and employment transitio
ns
Rapid pace of growth is necessary for substantial poverty reduct
ion, but for this growth to be sustainable in the long run, it sho
uld be broad-based across sectors, and inclusive of the large par
t of the countrys labor force.
Inclusive growth refers both to the pace and pattern of growth
Macroeconomical and microeconomical perspective
Inclusive growth focuses on productive employment rather than
income redistribution.

Inclusive Growth
Why is it important
Shining India & Suffering India. Global Companies, Billionaires
and Poorest of the poor
130 in HDI, 20th in Global Hunger Index
23% BPL according to Govt. Some estimates put it as high as 5
0%
Malnutrition, access to safe drinking water, still discrimination i
n the name of caste, creed and gender
Rural rich are spending 9 times more than poor and in Urban ar
eas it is 15 times.
Reduces trust in the Govt. People feel disenfranchised.
Arab Spring, Occupy Wall Street, Patel agitation and Jat reservat
ion.

Inclusive Growth
How to achieve inclusive growth
Inclusive growth policies and measurement are not well establis
hed.
Depends on the country and its economic state currently.
Long term perspective

Inclusive Growth
Challenges
India is a plural society
Divisions on the basis of caste and creed
These social groups differ with respect to their mean income as
well as distribution of economic welfare. SCs and STs Still remai
n the most socially vulnerable and economically backward class
es.
Even inside groups there are differences
Inclusion in India has two dimensions: (i) inter-group and (ii) int
ra-group.
In framing policies the policymakers should take all these factor
s into consideration which can be quite challenging.

Green Growth
Definition of Green Growth
Green growth means fostering economic growth and develop
ment while ensuring that natural assets continue to provide the
resources and environmental services on which our well-being r
elies
Economy Growth

It takes into account that natural Assets are not infinitely substit
utable

Green Growth
Why is it important
Constant environment degradation

Green Growth
How to achieve Green growth
Carbon Taxes

Green Growth
Challenges

High initial investment in transitioning to gree

Conclusion
Inclusive Green Growth: the Pathway to Sustainable D
evelopment in the Future

References
[1]. Elena Ianchovichina (PRMED) and Susanna Lundstrom (PRMED), What
is Inclusive Growth?
[2]. Subodh Varma, Income disparity between rich and poor growing rapidly
published in The Times of India dated Jul 28, 2013.
[3]. Rahul Anand, Saurabh Mishra, and Shanaka J. Peiris Inclusive Growth:
Measurement and Determinants.
[4]. M.H. Suryanarayana, Inclusive Growth: A Sustainable Perspective.
[5]. OECD, Green Growth and Developing Countries: A Summary for Policy
Makers
[6]. UNESCAP, Low Carbon Green Growth Roadmap for Asia and the Pacifi
c: Turning resource constraints and climate crisis into economic growth oppo
rtunities.
[7]. World Bank Report, Inclusive Green Growth: Pathway to Sustainable De
velopment.
[8]. World Bank news, From Growth to Inclusive Green Growth: The Econom
ics of Sustainable Development

Thank You