1. An Integrated Governance Approach towards Inclusive Development
Runa Sarkar Professor, Economics Group, IIM Calcutta

2. Some Definitions…1
Inclusive Growth: economic growth that creates opportunity for all segments of the population and distributes the dividends of increased prosperity, both in monetary and non-monetary terms, fairly across society.
Inclusive Development: Growth plus plus…adding more wellbeing related parameters
Inequality
Health
Education
Empowerment
entitlement
WHICH growth
WHOSE growth
WHAT outcomes

3. Some Definitions…2
Governance: System of strategic processes and tools, as well as institutions, rules and interactions for effective policy making, leading to
social cohesion,
public expenditure efficiency
control of corruption
sustainable, inclusive economic growth
reduce transaction costs
strengthen contract enforcement
Quality of institutions is more important for growth than geography or trade.
Relevant THROUGHOUT the policy cycle
Design
Implementation
Evaluation

4. Governance Implications of Inclusive Growth

5. Inclusive Institutions for Inclusive Policy Making
Openness, Engagement, Transparency, Integrity, participatory Mechanisms, inclusive Public Sector, Dispute Resolution mechanisms
Design
Understand the challenges
Policy framework to tackle multidimensionality
Solid evidence identification
Implementation
Aligning spending decisions
Coordination
Innovation in service delivery
Evaluation
Assessment of distributional Impact
Responsive Changes
Comprehensive Evaluation and Feedback
However, Inclusive Growth will only gain traction if it commands the attention of the public and of policy makers as an appropriate frame of reference for designing policies for the betterment of society.

6. Strategic Framework: Key Elements
Assessment focuses on outcomes that matter for well-being.
Responsive changes are made based on assessment
Comprehensive independent evaluation, informs new policy
Performance and accountability mechanisms to align capacity and resources
Coordination mechanisms to enable ‘joined-up’’ outcomes.
Innovation in service delivery - access and reach
Key National Indicators translate societal priorities
Evidence (ex ante, ex post) and multidimensional data for assessment
Multilevel governance, policy coherence to align outcomes.
Spending decisions are aligned with Inclusive Growth goals

7. Ministry Budget Assessment and Inclusive Growth
DESIGN

8. Stakeholder Engagement
IMPLEMENTATION

9. Stakeholder Engagement
IMPLEMENTATION

10. Assessment
EVALUATION

14. Microfinance – an Integrated Approach

17. Showing the way....... Multiple entities Complementary activities
All related to inclusiveness
Lessons
Outcome focussed
Equity AND efficiency
Tradeoffs exist
Fungible Model
Political Economy undisturbed
Achievable!!

18. Thank You!