Despite a continuing fall in the growth rate of India's GDP for the last several quarters there are indicators that point to a turn-around of the rural economy. Positive and long-term improvements can be seen in foodgrains production, in horticulture, dairy, poultry and fisheries, access to physical infrastructure such as electricity and roads, per-capita income of poorer states (which have a high percentage of rural population), wages of unskilled labour and growing employment in non-farm occupations due to programmes such as MUDRA.
As Narendra Modi government is rolling out various initiatives to accelerate growth and ameliorate the standard of living of the 1.2 billion people, Sameer Kochhar's new book titled Defeating Poverty: Jan Dhan and Beyond should be an eye-opener for policymakers of yesteryears as well as those at the helm right now. While poverty eradication has been a national priority since the day India attained Independence, the country still has about 300 million people surviving on subsistence income.
The Indian economy in general has made rapid strides in the recent past. However, a sizeable section of the population, particularly the vulnerable groups, such as weaker sections and low income groups, continue to remain excluded from even the most basic opportunities and services provided by the financial sector including Insurance.
We are one of the richest states with high per-capita income. Our focus is on good governance and innovation. We are making efforts to bring about sustainable and all-round development in the state, says Laxmikant Yashwant Parsekar, Chief Minister, Goa
This issue of INCLUSION comes to you at the completion of two years of Modi government and also after the histrionics of electronic media anchors and reams of newsprint about glamorous stuff, which is behind us.This issue looks at what have been the real big achievements that will impact the future course of inclusive growth...