What is the Hindu rate of growth? Raj Krishna was trying to link the Hindu philosophy of being minimalistic, non-competitive and content, with the growth rate. Economists are saying that quarterly GDP growth numbers tend to be volatile and cannot be used to label growth. Also, Rajan was commenting on quarterly GDP growth numbers while using this phrase, whereas this growth rate referred to annual growth. Is the phrase ‘Hindu rate of growth’ outdated?

Source: The Hindu March 07, 2023 21:13 UTC