Economic Equity and Growth in India: Reflections and Future Pathways

It is evident that India’s economic growth over recent decades is remarkable. It is leading towards one of the fastest-growing major economies. However, several challenges are being faced including equitable distribution of income, wealth and opportunities in all aspects of life. There is a paradox of rapid economic growth with inequalities.  The Indian Constitution, since its adoption has been a guiding framework for the government and policy makers. It guides in achieving equity and growth simultaneously. Constitutional provisions such as the Directive Principles of State Policy and Fundamental Rights are playing crucial role in maintaining and achieving growth with equity. Despite remarkable growth in India in recent decades several challenges are still persistent. Challenges in achieving equitable distribution of wealth and opportunities are predominantly seen today. This paper highlights the significance of the Constitution in shaping India’s economic policies that helps to reduce inequalities and achieve sustainable inclusive growth. It also assesses    the interplay between economic growth and equity. The paper also aims to offer recommendations for future pathways that could promote a more inclusive and sustainable economic future.