Buy Prime Test Series for all Banking, SSC, Insurance & other examsWhat Is The Hindu Rate Of Growth? The Hindu rate of growth is a term used to describe India’s low rate of economic growth for a prolonged period. It must be noted that the slow growth rate is called the Hindu rate of growth only if it is persistent and is accompanied by low per-capita GDP, with population growth factored in. India’s annual population growth rate was over 2 percent, and the per-capita GDP growth rate, with 3.5 percent GDP growth, was a meager 1 percent. Rebuttal from SBIThe argument that India’s growth rate could slip to the Hindu rate of growth of around 4 percent is ill-conceived, biased, and premature, according to the State Bank of India’s economic research report Ecowrap.

Source: The Hindu March 11, 2023 03:09 UTC