Question

Hindu Rate of growth refers to the rate of growth of:

  1. GDP
  2. Population
  3. Food grains
  4. Per capita income

Answer:

Option A: GDP

Detailed Solution:

The correct answer is “GDP”.

The "Hindu Rate of Growth" is a term coined by economist Raj Krishna to describe the low annual growth rate of the Indian economy, which averaged around 3.5% from the 1950s to the 1980s. This term highlights the slow growth rate of GDP during that period.