Question

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

  1. Per Capita Income
  2. National Income
  3. Population
  4. Literacy

Answer:

Option B: National Income

Detailed Solution:

The correct answer is “National Income”.

The term "Hindu rate of growth" was coined by the Indian economist Raj Krishna in 1978. 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.