Who among the following economists coined the term “Hindu rate of growth” to describe India’s prolonged period of low economic growth ?
Raj Krishna
The phrase Hindu rate of growth refers to the low annual growth of about 3.5% that India's GDP recorded from the 1950s to the 1980s.
It was coined in 1978 by the Indian economist Raj Krishna, a professor at the Delhi School of Economics, to describe this persistently slow growth.
V.K.R.V. Rao is known for early national income estimates, while C.N. Vakil and B.R. Shenoy were known for their work on planning and their critique of the Second Plan, not for this term.
Hence, Raj Krishna.
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