Explain ‘growth with equity’ as a planning objective. | Learn NCERT solution | Education portal Class 11 Indian Economic Development | Study online Unit-2 Indian Economy 1950-1990





Q.8:- Explain ‘growth with equity’ as a planning objective.

 

Answer:-
Economic Growth is an increase in the aggregate output of goods and services in a country in a given period of time. Equity refers to reduction in inequality of income or wealth, uplifting weaker sections of the society and equal distribution of economic power. Higher levels of growth and social justice are two main objectives of India’s economic planning. When these two objectives are clubbed together, it is called development with social justice.