Inclusive growth
- • Sharing fruits of SE development with all section of society
- • Oxfam - reward work not wealth - Richest 1% - 73% wealth , 63 cr poor half - 1% wealth
- • Stakeholders - Govt, Pvt sector , NGOs, CS, media
- • Social - AAQ Edu , AA Health, RRCSP parity
- • Econ- equitable wealthy, x poverty, Finance Lit, Q Employment, Agri growth , global parity, connectivity & communication
- • Political - T & dem govt, ROL, discrimination x, ELFJ , pol R , security & safety - 0 corruption
- • Envi -SD, BD preservation , future gen need
- • IAY, NHRM, NSAP, SSA, JNNURM, NAPCC, DI, MII, MGNREGA, PMJDY,
- • Social investment, protection, MBI, fiscal space (carbon , sugar , tobacco tax, optimize taxation - x evasion)
- • SDG 10 - reduce inequality
- ILO convention on social security
- • Pension, sickness benefit , maternity benefit , dependent benefit , medical benefit, PF, insurance, unemployment benefit, int worker pension benefit
- • Contribution augmentation fund, N stabilization fund, privacy protection of personal data in social security org, Aadhar based universal registration , GRM, Transparent & fair financial setup , social audit , CAG audit of intermediaries
- HDI
- • 130 / 189 - UNDP- amartya sen
- • Long & health life - Life expectancy - 69 y
- • Standard of living - GNI/per capita Nomi - 6500$
- • Expected y of schooling
- • Income inequality - 18 % - highest in SE asia
- • Gender - parliamentary seat - 11%, lfpr - 22
- • Middle class growth slow
- • Growth benefited top of social pyramid
- • Base just lifted out of poverty
- • Human capital index (wb) - child born in india will be 44% productive compared to if enjoyed full edu, health
- • 38/100 child stunted
- • Undp + oxford poverty & HD initiative - MPI
- Minimum Basic Income
- • Unicef + sewa - MP pilot project , finland
- • Conditional , targeted UBI
- • Definition - Tendulkar - 33/day -> 11-12% gdp , existing subsidy burden - 4-4.5%, fiscal burden , coverage, substitution of scheme, inflation , cash vs kind , demerit -sin good, targeted vs univ, identification of benefici. , no substitute for state capacity , pvtization of basic service , accessibility , worker productivity , implementation - bank outreach - last mile connectivity
- • Social justice & equity , freedom of choice (agency), poverty alleviation - Eco16-17- 4-5% gdp - 0.5%poverty
- • Rural distress, HD- edu , health, nutrition , toilet, admin efficiency - gender equity, insurance against shock, financial inclusion , labour efficiency
- Jan Dhan yojana
- • Financial inclusion - 99% hh
- • Bank act, remittance, credit, insurance, overdraft (10k now), pension , ATM, rupay
- • DBT, JAM, moneylender, leakage plugging,
- • BC cost, internet connectivity issue
- • 80 % adult have bank account
- • Helping bank , women empowerment, falling 0 balnce account - only 15%
- • 28 crore rupay debit card
- EWS
- Tax on super rich
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