Raghuram Rajan warned against the current economic growth rate of the country, saying that we will soon be near the Hindu rate of growth in view of subdued private sector investment, high-interest rates, and slowing global growth, as per PTI reports. What is Hindu rate of growth in Indian economy? The term ‘Hindu rate of growth’ refers to the lower annual growth rate of the economy of India before the economic reforms of 1991. Why Raghuram Rajan is concerned about Hindu rate of growth? Former RBI governor Raghuram Rajan has issued a warning about an impending Hindu rate of growth issue persisting in India, which can further lead to an economic downfall in the country.

Source: dna March 07, 2023 05:24 UTC