Q4(a). Social values are more important than economic values. Discuss the above statement with examples in the context of inclusive growth of a nation. (150 words) (10 marks)
Economic development of a country is extremely important for the welfare of its people. Higher economic value is achieved by high growth of the GDP, better job opportunities and higher per capita income.
However, social growth is achieved by providing better education, healthcare and social harmony. Human beings derive happiness only with the association and cooperation of the members of the
society. A person or a society may become prosperous by following unethical means and exploitation of the weak. However, such economic growth is neither desirable nor sustainable.
If people don’t grow together, they grow apart. When only a section of the society corners all the benefits of development, society becomes unstable and people are unhappy. The right approach is to plan for the development of all.
Government of India has initiated many schemes like MGNREGA, Jan Dhan Yojana and Pradhan Mantri Awas Yojana, which seek to ensure growth of all the citizens. Inclusive growth leads to wider demand of goods and services in the nation and increases prosperity, social cohesiveness and harmony. (173 words)
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