Discussing the latest segment of economics, this argument illuminates that inclusive growth has become a developmental imperative. This analysis contends that inclusive growth is the best route by which the bulk of the poor can be provided with livelihood and food security and addresses the specific part of the Asian--and in particular, Indian--population that the latest growth process has bypassed. Emphasizing the need to incorporate them into the fold of a vibrant economy, this proposal offers plans for all involved in the Indian economy--banks, cooperatives, development financiers, NGOs, and administrators--for reorienting their own strategies in response to this trend.
About the Author: N. A. Mujumdar is the editor of the "Indian Journal of Agricultural Economics" and former principal adviser of the Reserve Bank of India. A Nuffield Fellow of Oxford University, Mujumdar has also worked for the IMF, FAO, ESCAP, and the World Bank.
