Question

State the importance of growth with equity in Indian economic planning.

Answer 1

Growth with equity is an important objective of India’s economic planning, ensuring economic expansion while reducing inequality.

Key Importance: 
1. Balanced Economic Development:
- Ensures that the benefits of economic growth reach all sections of society, including rural and marginalized communities. 

2. Reduction of Poverty and Unemployment:
- Focuses on inclusive growth, generating employment opportunities and improving living standards. 

3. Social and Political Stability:
- Reducing economic disparities prevents social unrest, ensuring national stability and sustainable development. 

Conclusion: Achieving growth with equity is essential to foster inclusive economic development, ensuring prosperity for all citizens rather than just a privileged few.