Question
Who coined the term ‘Hindu rate of growth’ for Indian Economy?
Answer: Option A
Answer: (a)
The term was coined by Indian economist Raj Krishna. The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from the 1950s to the 1980s.
The word “Hindu” implies that the Hindu outlook of fatalism and contentedness was responsible for the slow growth.
Was this answer helpful ?
Answer: (a)
The term was coined by Indian economist Raj Krishna. The Hindu rate of growth is a derogatory term referring to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from the 1950s to the 1980s.
The word “Hindu” implies that the Hindu outlook of fatalism and contentedness was responsible for the slow growth.
Was this answer helpful ?
More Questions on This Topic :
Question 1. ICI is the name associated with
....
Question 3. Indian Economy is a/an :
....
Question 4. What is a bank rate ?
....
Question 8. The second plan gave priority to
....
Question 9. Gross domestic product is a measure of :
....
Question 10. Who estimated national income in India first?
....
Latest Videos
Latest Test Papers
Submit Solution