Abstract
The economics growth and development mostly coined together, and it was thought that growth itself led to development of the country but it was found that there are more dissimilarities than complementary. A higher growth will spontaneously lead development only when there is equitable distribution of resources and balancing regional development. But it did not happen in practices as high growth widen inequality and unequal distribution between the different groups of people in the societies as well between inter-state and intra-state to create regional imbalance, further as there is a transition period of the economy and urbanization took place it was experienced that regional imbalance widen in the term of class difference, gender discrimination (lower participation of women, as well alarming sex ratio), resources distribution, and per capital income. Further, the regional economic disparities create more inequality between savings, investment, and had interconnected map over the vicious cycle of corruption, demographic challenges, influencing chronic & infectious diseases, illicit trade, migration, food insecurity, and governance failures. The paper is addressing those various issues and thrust area of policy initiatives to present the causes of regional imbalance and growth as well the policy initiative for inclusive development.
Highlights
IntroductionTo begin with economic growth and development are often associated to each other and it was think that a sound growth will push development to all sector itself, which mean growth become vital for economic development
A higher growth will spontaneously lead development only when there is equitable distribution of resources and balancing regional development. It did not happen in practices as high growth widen inequality and unequal distribution between the different groups of people in the societies as well between inter-state and intra-state to create regional imbalance, further as there is a transition period of the economy and urbanization took place it was experienced that regional imbalance widen in the term of class difference, gender discrimination, resources distribution, and per capital income
To begin with economic growth and development are often associated to each other and it was think that a sound growth will push development to all sector itself, which mean growth become vital for economic development
Summary
To begin with economic growth and development are often associated to each other and it was think that a sound growth will push development to all sector itself, which mean growth become vital for economic development. R. Rana omy will bring harmony in the society in the term of resource distribution, wealth, and income, which create equity in the society and its ability to break vicious cycle of poverty, demographic and ability to reduce disparity. Rana omy will bring harmony in the society in the term of resource distribution, wealth, and income, which create equity in the society and its ability to break vicious cycle of poverty, demographic and ability to reduce disparity In this term, economic growth becomes essential but vital to achieve the growth and balance development including contribution by all sectors. The concept of growth has been defined with keeping the objective of balance growth path [2] [3] and unbalance growth path [4] to attain pace of growth from the sluggish and backward economic structure
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