Q96) The World Economic Forum released its maiden Inclusive Growth and Development Report. Consider the following highlights of the report.
1) The report seeks to improve our understanding of how policy incentives and institutional mechanisms can be used to make economic growth more socially inclusive without dampening incentives to work, save and invest
2) There is considerable diversity in the achievement of inclusive growth only across the countries and not within the countries
3) There is no inherent trade-off in economic policymaking between the promotion of social inclusion and that of economic growth and competitiveness and it is possible to be pro-equity and pro-growth at the same time
4) Larger fiscal transfers are not necessarily incompatible with growth and competitiveness, but nor are they always the primary or most effective available option for broadening socioeconomic inclusion
Which of the above statements are correct?
Only 1, 3, 4
Ans:96)(c)Expl. There is considerable diversity in the achievement of inclusive growth not only across the countries but also within the countries.
Policies and institutions supporting social inclusion are not solely a luxury of high-income countries.
The current debate on inequality and social inclusion is unduly narrow and unnecessarily politicized. It is possible, indeed essential, to be pro-
Report with respect to India