Previous year MCQs

Economy UPPSC 2006 GS-I
Question

Hindu Rate of growth refers to the rate of growth of:

Answer & Solution

Answer: (Detailed Solution Below)

Option A: GDP

Detailed Solution:

The correct answer is “GDP”.
The "Hindu Rate of Growth" is a term coined by economist Raj Krishna to describe the low annual growth rate of the Indian economy, which averaged around 3.5% from the 1950s to the 1980s. This term highlights the slow growth rate of GDP during that period.

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