Who gave the term 'Hindu rate of growth', which referred to as the low growth rate period in the Indian economy?

Correct option is B

Ans: (B) Raj Krishna

Explanation:
The term 'Hindu rate of growth' was coined by Raj Krishna in the 1970s to describe the slow annual growth rate of the Indian economy during the post-independence period, particularly before the 1991 economic reforms. This term was used to reflect the perceived stagnation in the Indian economy, which was growing at around 3.5% per annum, often referred to as the "Hindu rate of growth."

Information Booster:

• Raj Krishna: A prominent Indian economist, Raj Krishna, used the term in the context of India's post-independence economic growth.
• Economic Reforms (1991): The term was used to describe the period before the economic liberalization in 1991, after which the Indian economy grew at a much faster rate.
• Current Growth: Post-1991, India has been experiencing higher growth rates, surpassing the 'Hindu rate of growth.'