What term describes the economic growth rate of roughly 4% annually recorded by India from the 1950s to the 1980s, coined by economist Raj Krishna in 1978?
Answer and explanation
Correct answer: B. "Hindu rate of growth"
- Step 1: The term was coined by the Indian economist Raj Krishna in 1978, and the economy averaged about 4% from the 1950s to the 1980s. Answer: "Hindu rate of growth". Why not the others: "Socialist growth plateau", "Stagnation ceiling" and "License Raj trap" don't fit.
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