The 'Hindu growth rate' is a term used to refer to -

CA Foundation · Business Economics · MTP · June 2024
The 'Hindu growth rate' is a term used to refer to -
(A) A. the high rate of growth achieved after the new economic policy of 1991
(B) B. the low rate of economic growth of India from the 1950s to the 1980s, which averaged around 3.5 per cent per year
(C) C. the low growth of the economy during British period marked by an average of 3.5 percent
(D) D. the growth rate of the country because India is referred to as 'Hindustan'

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. the low rate of economic growth of India from the 1950s to the 1980s, which averaged around 3.5 per cent per year

Topics: Theory of Demand and Supply

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