Although India has been witnessing one of the highest economic growth rates since few years, the growth has not been inclusive. Explain.
Answer: Indian economy recorded a growth of 6.8% in 2018-19 and 7.2 % in 2017-18 which were one of the highest growth rates in the world. Between 2010 and 2016, for example, annual real gross domestic product (GDP) growth in India averaged 6.7% despite a relatively weak post-crisis global economy that averaged only 2.7% annual gains.
However, at the same time, this phenomenal growth was not able to translate into over all well being as it was limited to a few richer sections of the population. This could be corroborated from the following facts:
- Nearly 300 million people continue to ....
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