Step 1: Define each term.
(A) Sustainable Development: Focuses on meeting present needs without compromising future generations.
(B) Inclusive Development: Ensures benefits of growth reach all sections of society, especially weaker groups.
(C) Economic Growth: Refers to the increase in GDP or income but not necessarily equality.
Step 2: Identify the key phrase.
The question highlights “raises the standard of living of all sections of society,” which points directly towards Inclusive Development.
Step 3: Eliminate incorrect options.
- (A) Sustainable Development is broader, includes environment.
- (C) Economic Growth may not reduce inequality.
- (D) All of these is not precise since only inclusive development ensures equity.
Step 4: Conclusion.
The correct answer is (B) Inclusive Development.