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Question
In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?
In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?
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Solution
The correct option is C Growth rate of Gross Domestic Product
India's GDP growth before liberalization (1950s - 1980s) had settled for a meager 3.5% and this was called the Hindu rate of growth by Professor Rajkrishna, an Indian economist then. It was the time when other economies were ambitious for achieving higher growth rates while India was content with a 3.5%.
India's GDP growth before liberalization (1950s - 1980s) had settled for a meager 3.5% and this was called the Hindu rate of growth by Professor Rajkrishna, an Indian economist then. It was the time when other economies were ambitious for achieving higher growth rates while India was content with a 3.5%.
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