Question

State the importance of “Growth with equity” as the objective of Indian economic planning.

Hint:

Economic growth must be accompanied by equitable wealth distribution to achieve true national progress.

Answer 1

Understanding Growth with Equity:
- Economic growth must be inclusive to ensure fair distribution of wealth and opportunities. Importance of Growth with Equity: 1. Balanced Economic Development: - Ensures that all sections of society benefit from economic progress.
2. Reduces Income Disparities: - Focuses on bridging the gap between rich and poor.
3. Sustainable Growth: - Prioritizes long-term development over short-term economic expansion. Conclusion: Growth with equity remains a cornerstone of Indian economic planning, ensuring social justice and sustainable development.