VK Saraswat | Vijay Kumar Saraswat

  While growth still remains the most important parameter of any poverty reduction attempt, inclusive growth is basically related to redistributive growth. Inclusive development creates opportunities for all segments of the society in health, education, skill development, jobs, reducing poverty, entrepreneurship etc. on the principle of equality and focuses on outcomes and processes involving people’s participation and benefit-sharing. While one can’t have Economic Development without economic growth, GDP is not the only indicator of prosperity. A clear example of this statement are countries like China and India who have huge GDPs but lag behind in areas like health, overall wellness and life-expectancy among others. An inclusive green economy can reduce poverty and inequality We all aspire to reach better living conditions, yet this will not be possible by following the current growth model. We need a practical, 21 st century development model tha...

I recently spoke about Inclusive Growth at Indian School Of Business, Hyderabad, where I was invited to speak as part of the Dean Speaker Series. Read on to see how inclusive growth could work for our development. ------------------------------------------------------------                                        \   Speaking as a part of ISB's Dean Speaker Series Why Inclusive growth ? It’s been around two and a half years that I’ve been in NITI Aayog. My relationship with economics was pretty minimal, mostly related to project assessment of various activities in DRDO, in terms of costs ie. how much it would cost to develop a particular product , and sometimes to plan on it’s commercialisation if it were to go on the market.  But, moving to NITI Aayog has introduced me to a huge number of great economists, including the stellar Dr. Arvind Panagariya who was the Vice-cha...

Rajasthan has always held a special place in my life, so when I was scheduled to travel there recently, I was quite looking forward to the trip. It was a three-day trip and I went about appointments as usual. A lot of my readers were asking me to write a post on some of the talks and seminars I’ve been a part of so I thought this trip would be a good place to start. I reached Rajasthan late on the 29th of August and prepped for a couple of meetings the next day.  It  was a bright sunny morning as always and after a quick morning routine I headed to meet Professor Bhatia , (Vice Chancellor, Poornima University) and Dr. Prabhat Pankaj, Director, Jaipuria Institute of Management for the convocations held in their respective institutions. It was pleasant to meet the vibrant young graduates who will soon shape the face of our country.                                    ...