India's Development in Post-reform Period: Pathways for Inclusiveness

The present pattern of development comprising high growth, slow expansion of productive employment and worsening inequalities is not inclusive and may lead to social discord in the long term. This may ultimately act as a barrier to high growth. The institutional development discussed in the paper suggests a pathway to inclusive growth. Conscious efforts should be made to eliminate barriers to inclusive growth, and macro-economic policies should be aligned with inclusive growth. It is essential to recognise that inclusive growth reduces poverty in its multiple dimensions and many policies that are effective in reducing poverty also increase growth.