The Gadgil formula attempted to ensure that there was objectivity in distribution of funds amongst the states in India. He wrote extensively on Indian agriculture and farm sector and the planning process in India. The basic principles advocated by Shri Gadgil on food self-sufficiency and employment orientation of planning, are significant even today for achieving “inclusive growth”.
I thus, feel that the topic that I am going to speak on today has great relevance to what he thought of viz. Inclusive Growth and the role technology can play in it. The Dr. Nachiket Mor Committee Report has given the RBI much food for thought on the issues of financial inclusion.