The study attempts to examine the impact of social sector development on inclusive growth in India. Ever since Independence, India’s encounter with gnawing poverty and stark deprivation, particularly of the weaker and the marginalised sections of society, cajoled India’s planners to moot the development policies with the sole objective of exacerbating growth with equity. That is why since the beginning of the planning era, the stress had been laid on strengthening and expanding the social sectors with the premise that it would boost the inclusive growth agenda, manifesting in equal access to employment and economic opportunities; equal participation in decision-making and reduction in poverty and inequality. In conformity with the objective of our study, we intend to gauge the effect and contribution of different components of social sector development in India, on inclusiveness of growth using time series data for the period of 1985–1986 to 2015–2016. It was found that the expenditure related to ‘social security and welfare’ contributes significantly towards inclusive growth in India while the expenditure incurred on ‘welfare of marginalised class’ and ‘rural development’ exudes negative association with inclusiveness of growth.
Small-scale industries play an important role in the economic development of a developing country. like India. Having the inherent. advantages of low investment and high potential for employment generation, diversificaiton of industrial base, dispersal of industries in rural and semi-urban areas and equitable distribution of national income, small industries have been accorded a strategic place in India's planned economic development.The small industrial sector in India has been making significant progress since independence and has contributed to the fulfilment of the socio-economic objectives of growth-with-equity. This is evidenced by the fact that the number of registered small industrial units increased from 16,000 in 1950 to 27.24 lakh in 1996. The number of workers employed in small industries went up from 16.53 lakh in 1972 to 152.61 lakh in 1996, and gross investment jacked up from Rs 1,334 crore, to Rs 6,671 crore during the same period: Output in the small industry sector expanded from Rs.2,603 crore in 1972, to Rs 3,56,213 crore in 1996. Net value added registered an increase from Rs.841 crore to Rs.3,230 crore, and export earnings from small industry jumped from Rs.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.