Inclusive Growth Policy: An Analysis of Performance of Indian Government During Eleventh Five Year Plan

Gupta, Avnesh Kumar (2014): Inclusive Growth Policy: An Analysis of Performance of Indian Government During Eleventh Five Year Plan. Published in: International Journal of Business, Management & Social Sciences , Vol. III, No. 05 (I) (1 January 2014): pp. 13-22.

Abstract

The main aim of this paper is to assess the performance of the 11th Five Year Plan, how far it succeeded in bringing inclusive growth in India. Attempts are made to evaluate various flagship programs covering education, health, employment, rural-urban infrastructure, women and child development and social security measures against the backdrop of the Plan. Efforts are also made to evaluate specific schemes on the basis of their targets and achievements. The strategy of inclusive growth and development came into limelight in the developmental policies of emerging market economies with higher economic growth rates. With an accelerated economic growth rate, Indian policy makers too shifted their focus on inclusive growth and development while formulating the 11th Five Year Plan. Thus, the Plan targeted deprived sections of the Indian population. Recently in 2012, the Plan completed its tenure. It is, therefore, appropriate to examine the outreach of this Plan. At the same time, through financial inclusion, the Reserve Bank of India as well as NABARD endeavors to spread the benefits of financial development to the grassroots level. The coverage of the study is the period of the 11th Five Year Plan (2007-12), using the data from the Economic Survey and other sources. In spite of various measures undertaken by the government, their effective implementation in India is lacking.

• Item Type: MPRA Paper
• Language: English
• Keywords: Inclusive Growth Policy, Flagship Programs, 11th Five Year Plan, Inclusive Development, Financial Inclusion
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E60 - General

References

Ali, I. and Son, H.H. (2007a), “Measuring Inclusive Growth”, Asian Development Bank Review, Vol. 24, No. 1, pp. 11-31, Manila: ADB.

Ali, I. and Zhuang, J. (2007b), “Inclusive Growth toward a Prosperous Asia: Policy Implications”, working paper series no. 97, ERD, Manila: Asian Development Bank, July 2007.

Asian Development Bank (2011), “Framework of Inclusive Growth Indicators, Special Supplement”, Mandaluyong City, Philippines.

Bhalla, S. (2011), “Inclusion and Growth in India: Some Facts and Some Conclusion”, working paper no. 39, Asia Research Centre.

Dev, S. Mahendra (2008), “Inclusive Growth in India”, Oxford University Press.

Dev, S. Mahendra (2012), “Agriculture-Nutrition Linkages and Policies in India”, working paper no. WP-2012-006, IGIDR. Retrieved on 14 February, 2012 fromhttp://www.igidr.ac.in/pdf/publication/WP-2012-006.pdf

The government of India (2012a), “Faster, Sustainable and More Inclusive Growth: An Approach to the Twelfth Five Year Plan”, Planning Commission, New Delhi.

Government of India (2012b), “Guidelines for Indira Gandhi Awas Yojana”, Ministry of Rural Development, New Delhi. Retrieved on 14 July 2012 from http://rural.nic.in/iaygd2.htm

The government of India (2012c), “Accelerated Irrigation Benefit Program”, National Portal Content Management. Retrieved on 20 July 2012 from http://www.india.gov.in/sectors/water_resources/index.php?id=8

The government of India (2012d), “Bharat Nirman – Electrification: A Business Plan”, Ministry of Power. Retrieved on 25 July 2012 from http://powermin.nic.in/bharatnirman/bharatnirman.asp

The government of India (2012e), “Economic Survey 2011-12”, Department of Economic Affairs, Ministry of Finance, New Delhi, (various issues).

The government of India (2010a), “Evaluation Study on Rural Telephony”, Volume I, PEO Report No. 202, Planning Commission, New Delhi.

The Government of India (2010b), “National Rural Drinking Water Program”, Department of Drinking Water Supply, Ministry of Rural Development, New Delhi.

The government of India (2007), “Eleventh Five-Year Plan: 2007-12”, Planning Commission, New Delhi.

The government of India (2006), “Towards Faster and More Inclusive Growth: An Approach to Eleventh Five Year Plan”, Planning Commission, New Delhi.

Gupta, Avnesh. Kumar. (2012), “Entrepreneurship, Challenges, and Opportunities: The Indian Picture”, ‘International Journal of Business, Management & Social Sciences ISSN: 2249-7463, Vol. Issue 7 (III), March 2012, Choice College of Arts and Commerce, Pune, India.

Gupta, Avnesh. Kumar. (2012), “Microfinance and Strategy of Financial Inclusion in India”, ‘Journal of Economics and Sustainable Development’ ISSN: 2222-1700, Vol. No. 03, 2012, International Institute for Science, Technology & Education, New York, U.SA.

Klasen, Stephan (2010), “Measuring and Monitoring Inclusive Growth: Multiple Definitions, Open Questions, and Some Constructive Proposals”, working paper series, No. 12, ADB Sustainable Development, June 2010.

Malhi, S. (2008), “Challenges of Equity and Inclusive Growth in India”, Birla Institute of Technology and Science.

Mukhopadhyay, A. And R. Singh (2011), “Inclusive Growth for Sustainable Development in India”, European Journal of Social Sciences, Vol. 24, No. 1, pp. 144-153.

Narayan, S. (2008), “India‟s Economy: Constraints to Inclusive Growth”, Asian Journal of Public Affairs, Vol. 2, No. 2, pp. 8-11.

Rangarajan, C. (2008), “Report of the Committee on Financial Inclusion”, Government of India.

Reserve Bank of India (2008), “Report on Currency and Finance: 2006-08”, Reserve Bank of India.

World Bank (2008), “The Growth Report: Strategies for Sustained Growth and Inclusive Development”, the Commission on Growth and Development, Washington DC.