India found it difficult to breakout of the 3.5% growth rate paradigm for decades since independence. Thus 3.5% came to be called the Hindu rate of growth.
Liberalisation in the 1990s changed the economic trajectory of the country. Policy makers started talking of double-digit real GDP growth. Many economists were, however, not sure about sustainability of such high growth, given the inherent limitations of the Indian economy.
The Q2 numbers of real GDP growth for 2019-20 are in the 4.5% range. This marks a continuation of the decline seen quarter after quarter. Are we headed for Hindu rate of growth in a Hindutva world?
Liberalisation in the 1990s changed the economic trajectory of the country. Policy makers started talking of double-digit real GDP growth. Many economists were, however, not sure about sustainability of such high growth, given the inherent limitations of the Indian economy.
The Q2 numbers of real GDP growth for 2019-20 are in the 4.5% range. This marks a continuation of the decline seen quarter after quarter. Are we headed for Hindu rate of growth in a Hindutva world?
