"Businesses should support inclusive growth and equitable development." Mention core elements of this principle of National Voluntary Guidelines on Social, Environment and Economic Responsibilities of Business 2011.

The Principle "Businesses should support inclusive growth and equitable development" is recommended by the National Voluntary Guidelines on Social, Environment and Economic Responsibilities of Business Guidelines. The principle recognizes the value of the energy and enterprise of businesses and encourages them to innovate and contribute to the overall development of the country, especially to that of the disadvantaged, vulnerable and marginalised sections of society. The principle also emphasizes the need for collaboration amongst businesses, government agencies and civil society in furthering this development agenda. The principle reiterates that business prosperity and inclusive growth and equitable development are interdependent. The core elements of this Principle are: Businesses should understand their impact on social and economic development, and respond through appropriate action to minimise the negative impacts. Businesses should innovate and invest in products, technologies and processes that promote the well being of society. Businesses should make efforts to complement and support the development priorities at local and national levels, and assure appropriate resettlement and rehabilitation of communities who have been displaced owing to their business operations. Businesses operating in regions that are underdeveloped should be specially sensitive to local concerns.