Inclusive Growth Index Assessment in the Regions of the Volga Federal District of the Russian Federation

This research paper describes the concept of inclusive growth, its essence and significance in modern economic processes, revealing the main concept of inclusive growth in the modern world. The inclusive growth index characterizing the level of the country's inclusive development has been analyzed, as well as the methodology that determines the level of impact on the economy has been set out. The authors have proposed an adapted methodology for calculating the inclusive growth index with regard to the regions of the Russian Federation, and in particular to the Volga (Privolzhsky) Federal District. The assessment methodology is based on a comparative analysis of the 8 major regional performance indicators featuring inclusive growth and development. The conceptual essence of the final evaluation is of an individual nature. The results of the analysis can be applied in the process of developing and implementing state and regional programs, as well as strategies for the development of Russian regions.