EP16: Convenient Scapegoat: Debunking 'Hindu Rate of Growth'
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EP16: Convenient Scapegoat: Debunking 'Hindu Rate of Growth'
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For decades, economists and policymakers have thrown around the phrase "Hindu Rate of Growth" to describe India's economic stagnation before 1991. But what if I told you this term has almost nothing to do with Hinduism, and everything to do with covering up the real culprit—socialist economic planning?
It's time that serious academics refrain from using such an ill-founded and prejudiced term. Hindus are not scapegoats to be thrown under the bus for every mishap that occurred in Indian history.
You can read here: https://swarajyamag.com/economics/hindu-rate-of-growth-a-tale-of-prejudices-and-fallacies
You can also tune in to the "What This Means" podcast by Swarajya, where we decode major stories with experts. https://open.spotify.com/show/1CzvC1mqq2BApXyoINGIEw?si=eec7dfe982874ff2