How can inequality be addressed to promote long-term economic growth, based on Jairam Ramesh's observation
Jairam Ramesh points out that addressing inequality is crucial to prevent it from being 'structurally corrosive' to long-term growth prospects.
- Implement progressive tax policies to close wealth gaps and fund social programs that benefit the less privileged.
- Invest in education and skills training to provide equal opportunities for all individuals, regardless of their background.
- Promote equal access to healthcare, housing, and basic services to ensure a level playing field for all members of society.
- Create job opportunities and support small businesses in marginalized communities to reduce income disparities.
- Strengthen social safety nets to protect vulnerable populations and reduce poverty levels.
- Foster inclusive economic growth by promoting entrepreneurship and innovation among underrepresented groups.
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6 months ago