Inclusive growth is all about
raising the pace of growth and enlarging the size of the economy, while
leveling the playing field for investment and increasing productive
For growth to be inclusive, productivity must be improved and new
employment & engagement opportunities created. Inclusive growth is
typically fuelled by market-driven forces of growth with the government
playing a facilitating role. Policies for inclusive growth are an
important component of most government strategies for sustainable growth.
Policies for inclusive growth are an important component of any government
strategy for sustainable growth and the frameworks for inclusive growth
analytics are eclectic in spirit.
In order to obtain a better inclusive growth, the government is required
to improve rapid growth focused on labour-intensive industries and small
and middle enterprises will create employment opportunities in the
manufacturing and services sectors. Companies procure goods and services
from the different sources, if companies can closely look their supply
chain and sourcing, they can definitely contribute for the inclusive
growth of India, along with that they can get advantage of getting quality
goods (also services) and saving in their expenditure, which lead to
improvement in their bottom line.
There are various measure which can be
adopted by companies in improving their supply chain to give effect
inclusive growth. Some of them like, direct procurement from
producers/primary suppliers, use of Information & Technology, Vendor
Development, Open Tendering, Ancillary Development, Targeted Procurement,
and unbundling of contract are discussed in this paper.