In the context of Indian economy the Hindu rate of growth is referred to as ........

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In the context of Indian economy, the Hindu rate of growth is referred to as :

The rapid rate of growth of the Indian economy post 1991 economic reforms.

The sluggish rate of growth of the Indian economy before the 1991 economic reforms.

The hypothetical rate of growth assuming manufacturing sector as reforms the largest contributor to the GDP.

The maximum possible rate of growth of the Indian economy in keeping with its natural resource base.

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Explanation:

The Hindu rate of growth was a term used disparagingly to indicate the low growth rate of the Indian economy for more than 3 decades, between the 50s to the 80s. The average growth of GDP during this period was around 3.5% while per capita income grew by a mere 1.3%. The term was coined by Prof Raj Krishna who argued at one of his lectures in the late 70s that ?..no matter what happens to the economy the trend growth rate in India will be 3.5%. It was later used by a few economists to link the low growth rate of the 50s-80s period to Hindu beliefs of Karma & 'Bhagya'.