Correct Option (c)
The author explicitly advocates for policies that combine two objectives: achieving sustained economic growth and ensuring the equitable distribution of its benefits. The passage states that "growth must not be treated as an end in itself but as an instrument for spreading prosperity to all." It further emphasizes that "policies for promoting growth need to be complemented with policies to ensure that more and more people join the growth process and, further, that there are mechanisms in place to redistribute some of the gains to those who are unable to partake in the market process and, hence get left behind." This directly supports the idea of developing economic growth while simultaneously redistributing economic gains to the marginalized.
Incorrect Options:
(a) develop economic growth. This option is incomplete. While the author acknowledges that "India has grown fast" and that "it is possible for the Indian economy to develop even faster," the passage clearly states that growth is "necessary for eradicating poverty but it is not a sufficient condition." The author's central argument is for inclusive growth, which requires growth to be complemented by redistribution policies, making this option an insufficient representation of the author's support.
(b) better distribution of incomes irrespective of rate of growth. This option misrepresents the author's stance. The passage highlights that "growth is necessary for eradicating poverty." The author does not suggest prioritizing distribution irrespective of growth; rather, the emphasis is on making growth inclusive and ensuring its benefits are shared. The concept of inclusive growth, as defined in the passage, views growth differently based on how widely its gains are shared, but it does not dismiss the necessity of growth itself.
(d) put an emphasis on the development of the poorest segments of society. While the passage suggests measuring progress by the "bottom 20 per cent of the population" as "a simply way of giving this idea of inclusive growth a sharper form," it clarifies that this is a "statistical summing up of the idea of inclusive growth." The passage also notes that this approach "ensures that those who are outside of the bottom quintile do not get ignored." Therefore, while the poorest segments are a key focus, the author's overall support is for a broader concept of inclusive growth that encompasses both high growth and widespread benefit, not exclusively the development of only the poorest segments.