Strategy of Growth for Substantial Reduction of Poverty and Reversal of Trend towards Increasing Regional Divide

Raja J. Chelliah
K.R. Shanmugam
JEL codes: 
While Development as Freedom is considered to be one of the objectives of our national economic endeavors, and poverty reduction and fairly balanced regional development are high on the economic agenda, it is well known that our planning and economic policies have failed to produce inclusive growth to enable substantial parts of country to get the benefits of developments. The Approach Paper to 11th Five Year Plan declares its objective to be faster and more inclusive growth, but the Planning Commission or the Central Government do not put forward any significant change in the plan principles or strategies. In this paper we are suggesting a set of new innovative policies as additions to the policies already being implemented.