The term "Hindu rate of growth" was coined by the Indian economist Raj Krishna in 1978, and is often used by advocates of economic liberalisation. It refers to the annual growth rate of India's economy before the economic reforms of 1991, which averaged 4% from the 1950s to the 1980s.
The term "Hindu rate of growth" was coined by the Indian economist Raj Krishna in 1978, and is often used by advocates of economic liberalisation. It refers to the annual growth rate of India's economy before the economic reforms of 1991, which averaged 4% from the 1950s to the 1980s.
Source: Wikipedia "Hindu rate of growth" · CC BY-SA 4.0
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