Multiple choice

The term 'Hindu Rate of Growth' refers to

  1. low annual growth rate of a communist economy

  2. low annual growth rate of a capitalistic economy

  3. low annual growth rate of a socialistic economy

  4. low annual growth rate of a market-based economy
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C Correct answer
Explanation

The Hindu Rate of Growth refers to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%. 

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