High growth can bring inclusiveness in wealth creation: Shaktikanta Das

Higher growth also improves tax-GDP ratio which enhances the resource availability with Government to undertake social and infrastructure expenditure

The theme of “Broad-based Prosperity: Tackling the Fundamentals”, chosen by Mr. Shanmugaratnam for today’s lecture, is relevant globally and also for the Indian economy. The importance of broad based prosperity has been well recognised for a long time and there is a consensus on the need to ensure that the benefits of economic growth reach the populace at large. As an idea and a policy objective, it is similar to the concept of inclusive growth. While there is consensus on the need to achieve a more egalitarian social and economic order globally as well as within a country, it is