India high on growth, low on inclusiveness

At a time when India’s growth is the highest among large economies, the WEF rankings show that growth alone is not sufficient to ensure the fruits of development reach the masses
Livemint
Photo: Mint
Photo: Mint

If the government’s emphasis is really on inclusive growth, then it needs to do much more to achieve that goal—that is the message for India from the World Economic Forum’s (WEF’s) inclusiveness index. The chart lists countries that are poorer than India in terms of per capita GDP (gross domestic product) but have higher ranks in the inclusiveness index.

At a time when India is forecast to be the world’s fastest growing major economy, the WEF rankings show that growth alone is not sufficient to ensure that the dividends of development reach the masses.