Uttarakhand, while being one of India’s largest and fastest-growing economies, faces significant challenges in its economic development. The state’s growth has been uneven and disconnected, lacking uniformity in performance across various sectors. Additionally, the distribution of growth benefits has been selective, favouring certain sectors while leaving others behind. This scenario underscores the urgent need for inclusive growth in Uttarakhand.
To achieve inclusive growth, it is essential to mobilize resources effectively, and financial inclusion plays a pivotal role in this process. Financial inclusion ensures that all individuals have access to financial services, which is crucial for equitable resource generation and distribution. By promoting financial inclusion, Uttarakhand can strive for a more balanced and inclusive economic growth. This approach will ensure that the benefits of economic growth reach all sectors of the economy, contributing to the overall development of the state. In summary, addressing the uneven and selective nature of Uttarakhand’s economic growth through inclusive measures and financial inclusion is vital for sustainable development.