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    what does Hindu rate of growth mean?

    +1  Views: 714 Answers: 1 Posted: 10 years ago

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    The Hindu rate of growth is a controversial and derogatory expression used to refer to the low annual growth rate of the socialist economy of India before 1991, which stagnated around 3.5% from 1950s to 1980s, while per capita income growth averaged 1.3%.
    Some argue that the slow Indian growth rate is better attributable to the Government of India's protectionist and interventionist policies  rather than to a specific religion or to the attitude of the adherents of a particular religion.
    The term contrasts with South Korea's Miracle on the Han River and the Taiwan Miracle. While these Asian Tigers had similar income level as India in the 1950s, exponential economic growth since then has transformed them into developed countries today.
    The economy of India has been growing at rate of around 6-8% since economic liberalisation began in the 1990s.


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