Raghuram Rajan, former RBI governor, cautioned that India was dangerously close to the Hindu rate of growth. However, it becomes crucial to understand what the Hindu rate of growth is. Hindu Rate of GrowthThe term Hindu rate of growth was first coined by Raj Krishna, a notable economist, back in the year 1978. The term was used to refer to about 4 percent growth in the GDP from the 1950s to the 1980s. The economist taught at the Delhi School of Economics at the time when he coined the term, Hindu rate of Growth.

Source: The Hindu March 07, 2023 20:18 UTC