Question

The rate of growth of GDP when compared to the Hindu rate of growth was ______ post LPG reforms

• A.
  Higher
• B.
  Lower

Answer 1

The correct option is A

Higher
The overall growth of the economy has trended up as indicated by GDP growth. Post LPG policies, the growth of GDP shot up to as high as 8 per cent per annum.

The Hindu rate of growth is a term referring to the low annual growth rate of the economy of India before the economic reforms of 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged around 1.3%