India's growth's story from the eve of Independence to the liberalization phase is largely termed as 'Hindu rate of growth'. What it refers to?
OPTIONS
(A) Non inclusive growth story of India before 1990's liberalization.
(B) Religious belief of the successive government right from the independence.
(C) Irrational developmental agenda driven by majoritarian society.
(D) The phenomenon of sluggishness in growth rate of Indian economy before 1990's.
NOTES
Solution: d)
'Hindu' rate of growth was coined to refer to the phenomenon of sluggishness in growth rate of Indian economy (3.5 per cent observed persistently during 1950s through 1980s).
OPTIONS
(A) Non inclusive growth story of India before 1990's liberalization.
(B) Religious belief of the successive government right from the independence.
(C) Irrational developmental agenda driven by majoritarian society.
(D) The phenomenon of sluggishness in growth rate of Indian economy before 1990's.
NOTES
Solution: d)
'Hindu' rate of growth was coined to refer to the phenomenon of sluggishness in growth rate of Indian economy (3.5 per cent observed persistently during 1950s through 1980s).
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