Question

(b)(ii) State the importance of “Growth with equity” as the objective of Indian economic planning.

Hint:

Focus on inclusive development and reduction of disparities to explain the significance of "Growth with equity."

Answer 1

Ensures that the benefits of economic growth reach marginalized and underprivileged sections of society. Equitable distribution of resources and opportunities helps bridge the income gap between the rich and poor. Addresses regional imbalances and ensures sustainable development for all.