Page No. : 37-42

The concept of inclusive growth mixes involvement in the growth process with the distribution of benefits from the growth’s successes. In this article, an attempt has been made to comprehend the notion of inclusive growth and its reliance on the crucial sector of financial development, which functions as a thread in linking all sectors together to enable inclusive growth with direct or indirect participation of excluded groups. It has been stressed that the benefits of inclusive growth must be distributed evenly across multiple sectors in order to promote growth, rather than just distributed income resulting to welfare activity. The involvement of the RBI has been identified in this regard. The role of the RBI has been recognized as critical in this regard, and the RBI has been promoting the objective of financial inclusion with energy in recent years. A demand for structural reform in the economy is also emphasized through a variety of ways, including the simplification of tax rules, effective resource allocation, and increasing private sector participation through CSR activities.