Question : Who introduced the term 'Hindu rate of growth'?
Option 1: Amartya Sen
Option 2: Raj Krishna
Option 3: V. K. R. V. Rao
Option 4: Kaushik Basu
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Correct Answer: Raj Krishna
Solution : The correct answer is Raj Krishna .
Some of the early economists who coined the term used the word "Hindu" to suggest that the slow growth was due to the Hindu outlook of contentedness and hopelessness. In 1978, Professor Raj Krishna, an economist from India, developed the phrase "Hindu rate of growth" to describe, and explain the country's low economic growth in the context of socialistic economic principles.
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