ECONOMIC GROWTH AND SOCIAL EQUITY: BRIDGING THE GAP FOR AN INCLUSIVE INDIA

Abstract

India has experienced remarkable economic growth over the past few decades, becoming one of the world's fastest-growing economies. However, this growth has been accompanied by significant social inequalities, leading to disparities in income, education, healthcare, and employment opportunities. Despite an average GDP growth rate of over 6% annually since the 1990s, addressing the widening income gap remains a critical challenge. This chapter explores the role of technology in bridging the urban-rural divide and fostering social equity. Digital transformation, including e-governance, fintech, and EdTech, offers a promising pathway to reduce disparities and promote inclusive growth. Rural digitization initiatives, smart villages, and innovations such as artificial intelligence and blockchain are pivotal in empowering underserved populations. To achieve the goal of a Viksit Bharat by 2047, it is essential to integrate policies that promote equitable access to resources, prioritize sustainability, and foster digital literacy in rural areas. The chapter concludes by emphasizing the need for holistic, technology-driven solutions to create a more equitable and prosperous India.