Multiple choice

Who coined the term 'Hindu rate of growth' for Indian economy?

  1. A. K. Sen

  2. Kirit S. Parikh

  3. Raj Krishna

  4. Montek Singh Ahluwalia
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C Correct answer
Explanation

Raj Krishna, an Indian economist, coined the term 'Hindu rate of growth' in the 1970s to describe India's low economic growth rate of around 3.5% per year. The term was somewhat controversial as it implied cultural or religious reasons for slow growth rather than policy factors.

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