https://www.taxtmi.com/news?id=34773 The panel concluded that targeted policy, not inevitability, underpins India's growth: despite big reductions in absolute poverty and rising female labour force participation, human development indicators lag and industrialisation is necessary for quality job creation. Middle class expansion has boosted consumption even as FMCG growth trails nominal GDP and regional job disparities persist. Evolving caste and class structures have weakened economic hierarchies but left caste as a political force. Sustaining inclusive growth requires industrialisation, employment generation, regional inclusivity, and increased investment in research and development. en-us Fri, 21 Feb 2025 11:01:03 +0530 Fri, 21 Feb 2025 11:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=34773 The panel concluded that targeted policy, not inevitability, underpins India's growth: despite big reductions in absolute poverty and rising female labour force participation, human development indicators lag and industrialisation is necessary for quality job creation. Middle class expansion has boosted consumption even as FMCG growth trails nominal GDP and regional job disparities persist. Evolving caste and class structures have weakened economic hierarchies but left caste as a political force. Sustaining inclusive growth requires industrialisation, employment generation, regional inclusivity, and increased investment in research and development. News - Fri, 21 Feb 2025 11:01:03 +0530 https://www.taxtmi.com/news?id=34773