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SSC CGL 2021 PYQ — Question 29

SSC CGL - 13 Aug 2021 - Shift 3 • General Awareness • Q29

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Who among the following economists coined the terminology 'Hindu Rate of Growth'?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Raj Krishna.

  • The term 'Hindu rate of Growth' was coined by Indian economist Raj Krishna.
  • The term suggests that the low growth rate of India, a country with a mostly Hindu population was in sharp contrast to high growth rates in other Asian countries, especially the East Asian Tigers (Hong Kong, Singapore, South Korea and Taiwan).
  • The Hindu rate of growth is a term used by advocates of liberalisation referring to the lower annual growth rate of the economy of India before the economic reforms of 1991.