GENERAL KNOWLEDGE

Detailed explanation-1: -It was Dr Raj Krishna who coined the term Hindu rate of growth in 1978. It is an average growth rate of 3.5%-4% which the Indian economy experienced for a long time; from Independence till 1980.

Detailed explanation-2: -H. C. Arora and K. R. R. Iyengar, “Long Term Growth of National Income in India, 1901–1956, ‘’ Papers on National Income and Allied Topics, Vol.

Detailed explanation-3: -The correct answer is Exposes low growth occurrence of the Indian economy during 1950-80. The term ‘Hindu rate of growth’ was coined by Professor Rajkrishna, an Indian economist, in 1978 to characterize the slow growth and to explain it against the backdrop of socialistic economic policies.