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The "Hindu Rate of Growth": Then and now*
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Mar 20th 2023, Prabhat Patnaik
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For
a large part of the dirigiste period, the gross domestic
product of the Indian economy grew at a rate of around
4 per cent per annum or less, which, though an improvement
compared to the colonial era that had witnessed virtual
stagnation, was not very impressive.
*
This article was originally published in the Peoples
Democracy on
March 19, 2023.
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