Skill development
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- The employable population needs vocational training and education for skill development for better output.
- In India, there is a dearth of highly trained workforce on the one hand and conventionally trained youths are unemployed on the other hand.
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Financial inclusion
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- It means access to financial aid and services for all and affordable especially for vulnerable groups.
- For inclusive growth and economic development, financial inclusion is crucial.
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Technology
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- With the advent of Industrial Revolution 4.0, advancements in technology can increase and decrease inequality causing urban and rural divide.
- Digital India Mission is an attempt by the government to smoothen the divide by increasing digital literacy.
- Technology can have a positive impact on other areas like agriculture, manufacturing, education, health, and governance by transforming how each sector functions.
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Economic growth
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- As one of the fastest-growing economies in the world, India has to focus more on inclusive growth for overall economic development.
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Social development
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- It is another important aspect of inclusive growth as it targets the marginalized and vulnerable sections of the population.
- Investing in social structures for providing services for the marginalized sections will create capable future generations as well boost fiscal growth.
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