Hindu rate of growth: Where does the term come from and what it means

The term was first used by the late economist Raj Krishna in 1978 to refer to the low rate of economic growth in the pre-liberalisation era

Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Sunday said that India is "dangerously close" to the Hindu rate of growth due to subdued private sector investment, high-interest rates and slowing global growth.

Rajan said that the slowing sequential quarterly growth was "worrying".

What is the 'Hindu rate of growth'?

The Hindu rate of growth is a term used to describe India's low rate of economic growth for a prolonged period. It is generally used to show that the country is satisfied with the slow growth rate.

The term was first used by the late economist Raj Krishna