What is the primary goal of inclusive growth in the Indian economy?
Practice Questions
Q1
What is the primary goal of inclusive growth in the Indian economy?
Maximizing GDP growth
Reducing income inequality
Increasing foreign investment
Enhancing export performance
Questions & Step-by-Step Solutions
What is the primary goal of inclusive growth in the Indian economy?
Step 1: Understand what economic growth means. It refers to an increase in the production of goods and services in a country.
Step 2: Recognize that not everyone benefits equally from economic growth. Some people may get richer while others remain poor.
Step 3: Learn about inclusive growth. It is a strategy to make sure that everyone, especially the poor and marginalized, benefits from economic growth.
Step 4: Identify the primary goal of inclusive growth. It is to reduce income inequality, meaning that the gap between the rich and the poor should be smaller.
Step 5: Conclude that inclusive growth aims to create a fairer society where everyone has a chance to improve their economic situation.
