Goal 10 calls for progressively reducing not only income inequalities but also inequalities of outcome by ensuring access to equal opportu¬nities and promoting social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, religion or another status relevant within society. The Goal also aims to enhance representation and voice for developing countries in decision making in international institutions.
The Human Development Report 2019 notes that inequalities in human development hurt economies, wastefully preventing people from reaching their full potential at work and in life. Inequalities in human development are a defining bottleneck in achieving the 2030 Agenda for Sustainable Development.
Fact And Figures
The Human Development Report 2019 has observed that India falls in the medium human development category (117-153 ranks) of the Human Development Index (HDI) with a value of 0.647 for 2018, and a rank of 129 out of 189 countries and territories. In the period 1990 -2018, India’s HDI value increased from 0.431 to 0.647, an increase of 50 per cent, during which India’s life expectancy at birth increased by 11.6 years, mean years of schooling increased by 3.5 years and expected years of schooling increased by 4.7 years, and GNI per capita increased by about 263 per cent.
Financial Inclusion: By making banking services accessible to the histori¬cally unbanked population on a large scale, the Prad¬han Mantri Jan DhanYojana(PMJDY) has been the most potent instrument for financial inclusion for the vulnerable groups. Since its inception, around 377 million bank accounts have been opened; more than half of them belong to women. Pradhan Mantri Mudra Yojana(PMMY) supports entrepreneurs by providing credit to micro and small enterprises. These schemes target breaking the barriers to easy finance and financ¬ing services, thereby empowering everyone, espe¬cially the vulnerable.
The elderly account for 8.6 per cent of the population of the country. With increasing life expectancy, this share is projected to increase in the coming years. This calls attention to improving geriatric care services, especially in rural areas, where their presence is negli¬gible currently.
263%
increase in GNI per capita
377 million
bank accounts have been opened under PMJDY
50%
increase in India’s HDI value from 0.431 5o 0.647
Target
10.1 By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average
10.2 By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnic¬ity, origin, religion or economic or other status
10.3 Ratio of transgender labour force participation rate to male labour force participation rate
10.4 Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality
10.5 Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations
10.6 Ensure enhanced representation and voice for developing countries in decision-making in global international economic and financial institutions in order to deliver more effective, credible, accountable and legitimate institutions
10.7 Facilitate orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-managed migration policies.
10.a Implement the principle of special and differential treatment for developing countries, in particular least developed countries, in accordance with World Trade Organization agreements
10.b Encourage official development assistance and financial flows, including foreign direct investment, to States where the need is greatest, in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmes
10.c By 2030, reduce to less than 3 percent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 percent
Our Team
Palak Sharma
Team Lead SDG 10