India has made significant progress in reducing inequality over the past decade, according to Finance Minister Nirmala Sitharaman.
Key initiatives such as collateral-free lending, interest subvention, and affordable housing have played a crucial role in bridging the gap across various societal segments.
The government's comprehensive approach to financial inclusion, including the doubling of bank accounts since 2011, has integrated millions into the financial system and strengthened the overall economy.
Infrastructure and digital development, such as the Bharatmala and Sagarmala projects, have also contributed to equitable growth by improving connectivity and stimulating economic activity.
The stability within the financial sector has enabled the government to support ambitious infrastructure projects, creating jobs and fostering economic resilience.
Government initiatives have targeted various aspects of poverty, providing low-income individuals with easier access to credit and affordable housing.
Access to basic necessities has also improved, leading to better health outcomes and overall quality of life.
Digital financial inclusion has emerged as a cornerstone of India's strategy, empowering millions to participate in the financial system and fostering financial literacy and responsibility.
The government's multifaceted approach to tackling inequality encompasses various sectors and prioritizes the needs of marginalized communities while fostering economic growth.
Collaboration between the public and private sectors is essential for implementing effective solutions that address inequality and ensure equitable sharing of economic growth.
India's progress in reducing inequality is a testament to the effectiveness of government policies and initiatives, and the ongoing commitment to these efforts is crucial for sustaining this momentum.