What is meant by the term “Sustainomy”? Discuss how it offers an integrated approach to balance economic growth, equity, and ecological sustainability.
Copy
Category: Economy (GS -III),
Test Date: 11 Apr 2025
Approach:
Introduction –Define Sustainomy as a new economic model focused on the 3Ps: Prosperity, People, and Planet.
Need for Sustainomy– Highlight systemic issues in current economic model: inequality, over-extraction, unsustainable growth.
Key Features of Sustainomy:
Shift from artificial to “authentic” intelligence.
Integration of human and machine capital.
Role of middle class and SMEs in sustainable growth.